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Title 26 Insurance Code

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Change 1

What to do with it
As published

26-28-104. Injunctions.

(a) Upon application by the commissioner for an order to show cause, or at any time thereafter, the court, without notice, may issue an injunction restraining the insurer, its officers, directors, stockholders, members, subscribers, agents and all other persons from the transaction of its business or the waste or disposition of its property until further court order. (b) The court, at any time during a proceeding under this chapter, may issue any other injunctions or orders deemed necessary to prevent interference with the: (i) Commissioner or the proceeding; (ii) Waste of the insurer's assets; (iii) Commencement or prosecution of any actions; (iv) Obtaining of preferences, judgments, attachments or other liens; or (v) Making of any levy against the insurer or against its assets or any part thereof. (c) Notwithstanding any other provision of law, no bond is required of the commissioner as a prerequisite for the issuance of any injunction or restraining order pursuant to this section.

Your change, as a redline

26-28-104. Injunctions.

(a) Upon application by the commissioner for an order to show cause, or at any time thereafter, the court, without notice, may issue an injunction restraining the insurer, its officers, directors, stockholders, members, subscribers, agents and all other persons from the transaction of its business or the waste or disposition of its property until further court order. (b) The court, at any time during a proceeding under this chapter, may issue any other injunctions or orders deemed necessary to prevent interference with the: (i) Commissioner or the proceeding; (ii) Waste of the insurer's assets; (iii) Commencement or prosecution of any actions; (iv) Obtaining of preferences, judgments, attachments or other liens; or (v) Making of any levy against the insurer or against its assets or any part thereof. (c) Notwithstanding any other provision of law, no bond is required of the commissioner as a prerequisite for the issuance of any injunction or restraining order pursuant to this section.

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Who it helps, what it costs, what it fixes. It is what persuades people to support it.

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