New York Insurance Law Section 7416 - Grounds for dissolution of domestic insurer.

   7416.   Grounds   for   dissolution   of   domestic  insurer.  The
  superintendent may apply under this article for an order dissolving  the
  corporate  existence of a domestic insurer: (i) upon his application for
  an order of liquidation of its business, or at any time after such order
  has been granted; or (ii) upon the grounds specified in  subsection  (m)
  of  section  seven thousand four hundred two of this article, regardless
  of whether an order of liquidation is sought or has been obtained.

Last modified: February 3, 2019