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Title 26 Insurance Code

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Change 1

What to do with it
As published

26-28-106. Grounds for receivership; liquidation.

(a) The commissioner may apply to the court for an order appointing him as receiver, if his appointment as receiver is not then in effect, and directing him to liquidate the business of a domestic insurer or of the United States branch of an alien insurer having trusteed assets in this state, regardless of whether or not there has been a prior order directing him to rehabilitate the insurer, upon any of the grounds specified in W.S. 26-28-105, or if the insurer: (i) Does not transact business for a period of one (1) year; or (ii) Is insolvent and has commenced voluntary liquidation or dissolution or attempts to: (A) Commence or prosecute any action or proceeding to liquidate its business or affairs; (B) Dissolve its corporate charter; or (C) Procure the appointment of a receiver, trustee, custodian or sequestrator under any law except this code.

Your change, as a redline

26-28-106. Grounds for receivership; liquidation.

(a) The commissioner may apply to the court for an order appointing him as receiver, if his appointment as receiver is not then in effect, and directing him to liquidate the business of a domestic insurer or of the United States branch of an alien insurer having trusteed assets in this state, regardless of whether or not there has been a prior order directing him to rehabilitate the insurer, upon any of the grounds specified in W.S. 26-28-105, or if the insurer: (i) Does not transact business for a period of one (1) year; or (ii) Is insolvent and has commenced voluntary liquidation or dissolution or attempts to: (A) Commence or prosecute any action or proceeding to liquidate its business or affairs; (B) Dissolve its corporate charter; or (C) Procure the appointment of a receiver, trustee, custodian or sequestrator under any law except this code.

One line that says what changes, such as "Halve the dog tax".

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

A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.

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