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Dissolution or liquidation - 40 Pa. Cons. Stat. § 6127

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     § 6127.  Dissolution or liquidation.
        No hospital plan corporation shall be dissolved under the
     provisions of Title 15 (relating to corporations and
     unincorporated associations) or under any other provision of law
     except with the prior approval of the department. Articles of
     dissolution for a hospital plan corporation filed in the
     Department of State, whether pursuant to a decree of court
     liquidating the corporation or otherwise, shall not be effective
     unless and until approved by the Insurance Department. Any
     dissolution or liquidation of a hospital plan corporation shall
     be under the supervision of the department, which shall have all
     powers with respect thereto granted to it under laws of this
     Commonwealth governing the dissolution or liquidation of
     insurance companies.

Last modified: November 27, 2007