§ 7041. Commissioner’s summary orders and supervision proceedings (a) Whenever the Commissioner has reasonable cause to believe, and determines after a hearing held under subsection (e) of this section, 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 […]
§ 7042. Court’s seizure order (a) The Commissioner may file in the Superior Court of Washington County a petition alleging, with respect to a domestic insurer: (1) that there exist grounds that would justify a court order for a formal delinquency proceeding against an insurer under this chapter; (2) that the interests of policyholders, creditors, […]
§ 7043. Confidentiality of hearings Administrative and judicial proceedings under sections 7041 and 7042 of this title, all records of the insurer, other documents, and all Department files and Court records and papers, so far as they pertain to or are a part of the record of the proceedings, shall be and remain confidential except […]
