31A-27a-208. Entry of order.
89 words·~1 min read·
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31A-27a-208. Entry of order.
(1)If the commissioner establishes any of the grounds provided in Section 31A-27a-207 , the receivership court shall:
(a)grant the petition; and
(b)issue the order of rehabilitation or liquidation requested in the petition.
(2)Upon the issuance of the order, the commissioner shall forward a copy of the order by first-class mail or electronic communication as permitted by the receivership court to the commissioners and guaranty associations in states in which the insurer did business.
Enacted by Chapter 309 , 2007 General Session