Chapter 15 Rehabilitation and Liquidation of Insurers
This chapter is comprised of the following sections:
- §38.2-1500 Scope of chapter
- §38.2-1501 Definitions
- §38.2-1502 Jurisdiction and procedure
- §38.2-1503 Grounds for delinquency proceedings commenced by Commission against domestic insurer
- §38.2-1504 Requirements when proceedings instituted by any person other than Commission
- §38.2-1505 Commission may apply for receiver and for other relief; what orders court may enter
- §38.2-1506 Requirements when receiver appointed; disbursement of available assets to association, etc
- §38.2-1507 Further procedure; injunction may be issued
- §38.2-1508 Powers of Commission when authorized to rehabilitate or liquidate companies
- §38.2-1509 Powers of Commission when authorized to rehabilitate or liquidate insurers by court order; disbursement of available assets to an association, etc
- §38.2-1510 Commission may appoint assistants in connection with rehabilitation or liquidation
- §38.2-1511 Borrowing on pledge of assets
- §38.2-1512 Rights and liabilities fixed upon liquidation
- §38.2-1513 Voidable transfers
- §38.2-1514 Priority of claims for wages
- §38.2-1515 Mutual debts or credits, how treated
- §38.2-1516 Receivers to file reports, etc., with Commission
- §38.2-1517 What included in annual report of Commission
- §38.2-1518 Rehabilitation or mutualization of companies
- §38.2-1519 Termination of rehabilitation; when liquidation may be entered
- §38.2-1520 Liquidation of alien insurers
- §38.2-1521 Conservation of assets of foreign or alien insurer; when liquidation may be entered
- §38.2-1522 Qualified financial contracts