§ 31A-27a-208. Entry of order.

Latest version.

(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

                    
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