N.D. Cent. Code § 26.1-06.1-15

26.1-06.1-15. Termination of rehabilitation

Year: 2026Length: 58 wordsOfficial source
26.1-06.1-15. Termination of rehabilitation 1. Whenever the commissioner 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 commissioner may petition the district court for an order of liquidation. A petition under this subsection has the same effect as a petition under section
N.D. Cent. Code § 26.1-06.1-15: 26.1-06.1-15. Termination of rehabilitation | Justis AI