Section 375.1162 – Director may order activities to prevent delinquency proceeding.
Effective – 28 Aug 1991 375.1162. Director may order activities to prevent delinquency proceeding. — Whenever the director has reasonable cause to believe, and determines that any domestic insurer has committed or engaged in, or is about to commit or engage in, any act, practice, or transaction that would subject it to delinquency proceedings under […]
Section 375.1164 – Seizure order, director may petition for, when — effects.
Effective – 28 Aug 1992 375.1164. Seizure order, director may petition for, when — effects. — 1. The director may file in a court of this state a petition alleging, with respect to a domestic insurer: (1) That there exist any grounds that would justify a court order for a formal delinquency proceeding against an […]
Section 375.1165 – Rehabilitation of insurer, director may petition, when — grounds.
Effective – 28 Aug 1991 375.1165. Rehabilitation of insurer, director may petition, when — grounds. — The director may apply by petition to the court for an order authorizing him to rehabilitate a domestic insurer or an alien insurer domiciled in this state on any one or more of the following grounds: (1) The insurer […]
Section 375.1166 – Director to serve as rehabilitator — duties — periodic accounting required — immunity, when.
Effective – 28 Aug 1992 375.1166. Director to serve as rehabilitator — duties — periodic accounting required — immunity, when. — 1. An order to rehabilitate the business of a domestic insurer, or an alien insurer domiciled in this state, shall appoint the director and his successors as rehabilitator, and shall direct the rehabilitator forthwith […]
Section 375.1168 – Director may appoint special deputies, powers — rehabilitation procedures — criminal conduct of party, power of director — advisory committee may be appointed, when.
Effective – 28 Aug 1991 375.1168. Director may appoint special deputies, powers — rehabilitation procedures — criminal conduct of party, power of director — advisory committee may be appointed, when. — 1. The director as rehabilitator may appoint one or more special deputies, who shall have all the powers and responsibilities of the rehabilitator granted […]
Section 375.1170 – Stay of other pending actions, duration — statute of limitations not to run.
Effective – 28 Aug 1991 375.1170. Stay of other pending actions, duration — statute of limitations not to run. — 1. Any court in this state before which any action or proceeding in which the insurer is a party, or is obligated to defend a party, is pending when a rehabilitation order against the insurer […]
Section 375.1172 – Records deemed public, when — exceptions.
Effective – 28 Aug 1992 375.1172. Records deemed public, when — exceptions. — In all proceedings and judicial reviews thereof under sections 375.1164 to 375.1170, all records of the insurer, other documents, and all department of commerce and insurance files and court records and papers, so far as they pertain to or are a part […]
Section 375.1155 – Receiver may petition for injunctions, restraining orders — purposes — delinquency proceeding does not stay other rights and enforcement.
Effective – 28 Aug 2010 375.1155. Receiver may petition for injunctions, restraining orders — purposes — delinquency proceeding does not stay other rights and enforcement. — 1. Any receiver appointed in a proceeding under sections 375.1150 to 375.1246 may at any time apply for, and any court of general jurisdiction may grant, such restraining orders, […]
Section 375.1156 – Cooperation with receiver and director required — penalty.
Effective – 28 Aug 2007 375.1156. Cooperation with receiver and director required — penalty. — 1. Any officer, manager, director, trustee, owner, employee or agent of any insurer, or any other persons with authority over or in charge of any segment of the insurer’s affairs, shall cooperate with the director or any receiver in any […]
Section 375.1150 – Citation of law — applicability.
Effective – 28 Aug 1991 375.1150. Citation of law — applicability. — 1. Sections 375.1150 to 375.1246 shall be cited as the “Insurers Supervision, Rehabilitation and Liquidation Act”. 2. The proceedings authorized by sections 375.1150 to 375.1246 may be applied to: (1) All insurers conducting business which are doing, or have done, an insurance business […]