521A.11 Receivership. Whenever it appears to the commissioner that any person has committed a violation of this chapter which so impairs the financial condition of a domestic insurer as to threateninsolvency or make the further transaction of business by it hazardous to its policyholders,creditors, shareholders or the public, then the commissioner may proceed as provided insection 505.9 to take possession of the property of such domestic insurer and to conduct thebusiness thereof. [C71, 73, 75, 77, 79, 81, §521A.11] Sat Dec 23 00:52:37 2023 Iowa Code 2024, Section 521A.11 (18, 0)
Iowa Legal Code