Section 375.1180 – Dissolution order, director may petition for — effect.
Effective – 28 Aug 1991 375.1180. Dissolution order, director may petition for — effect. — The director may petition for an order dissolving the corporate existence of a domestic insurer or the United States branch of an alien insurer domiciled in this state at the time he applies for a liquidation order. The court may […]
Section 375.1182 – Powers of liquidator — insureds may purchase extended period to report claims, when, limitations — liquidator and employees deemed officers of the court.
Effective – 28 Aug 1992 375.1182. Powers of liquidator — insureds may purchase extended period to report claims, when, limitations — liquidator and employees deemed officers of the court. — 1. The liquidator shall have the power: (1) To employ employees and agents, legal counsel, actuaries, accountants, appraisers, consultants and such other personnel as he […]
Section 375.1184 – Contracts and leases of insurer, liquidator may disaffirm — procedures — liability of liquidator, how calculated.
Effective – 28 Aug 1991 375.1184. Contracts and leases of insurer, liquidator may disaffirm — procedures — liability of liquidator, how calculated. — 1. The liquidator may disaffirm or repudiate any contract or lease: (1) To which the insurer is a party; (2) The performance of which the liquidator, in his sole discretion, determines to […]
Section 375.1185 – Notices provided by liquidator, procedures.
Effective – 28 Aug 1991 375.1185. Notices provided by liquidator, procedures. — 1. Unless the court otherwise directs, the liquidator shall give or cause to be given notice of the liquidation order as soon as possible: (1) By first class mail and either by telegram or telephone to the director of the department of commerce […]
Section 375.1186 – Agent of insurer, duty to provide information to liquidator — penalty.
Effective – 28 Aug 1991 375.1186. Agent of insurer, duty to provide information to liquidator — penalty. — 1. Every person who receives notice in the form prescribed in section 375.1185 that an insurer which he represents as an agent is the subject of a liquidation order, within thirty days of such notice, shall provide […]
Section 375.1188 – Stay of other actions — liquidator may bring certain actions, when.
Effective – 28 Aug 1991 375.1188. Stay of other actions — liquidator may bring certain actions, when. — 1. Upon issuance of an order appointing a liquidator of a domestic insurer or of an alien insurer domiciled in this state, no action at law or equity or in arbitration shall be brought against the insurer […]
Section 375.1174 – Director may petition for liquidation, grounds — termination of rehabilitation proceedings, when, effect.
Effective – 28 Aug 1991 375.1174. Director may petition for liquidation, grounds — termination of rehabilitation proceedings, when, effect. — 1. Whenever the director believes further attempts to rehabilitate an insurer would substantially increase the risk of loss to creditors, policyholders or the public, or would be futile, the director may petition the court for […]
Section 375.1175 – Grounds for liquidation — voluntary dissolution and liquidation, conditions.
Effective – 03 Aug 2010 375.1175. Grounds for liquidation — voluntary dissolution and liquidation, conditions. — 1. The director may petition the court for an order directing him to liquidate a domestic insurer or an alien insurer domiciled in this state on the basis: (1) Of any ground for an order of rehabilitation as specified […]
Section 375.1176 – Director to be liquidator — powers and duties — special deputy may be appointed, powers — effect of liquidation — order for, issued when — plan for continued operation during appeal, contents — penalty for interference with records or property.
Effective – 01 Jan 2017, 2 histories 375.1176. Director to be liquidator — powers and duties — special deputy may be appointed, powers — effect of liquidation — order for, issued when — plan for continued operation during appeal, contents — penalty for interference with records or property. — 1. An order to liquidate the […]
Section 375.1158 – Provisions apply prospectively, exceptions — restrictions on insurer in delinquency proceeding.
Effective – 28 Aug 1992 375.1158. Provisions apply prospectively, exceptions — restrictions on insurer in delinquency proceeding. — 1. Unless otherwise provided, the portions of sections 375.1150 to 375.1246 which substantively affect the rights of any person shall be only applicable prospectively. The provisions of sections 375.650 to 375.700, sections 375.740 and 375.750, and sections […]