ARTICLE 2. Conservation or Liquidation of an Insured Licensee [620. - 624.]

Article 2 added by Stats. 2011, Ch. 243, Sec. 2.

§§ 620–624 · 5 sections

• § 620 If the licensee whose property and business has been taken pursuant to Section 592 is insured by a Federal Insurance Agency, the commissioner may tender to the…
• § 621 The Federal Insurance Agency may be, and act as, a conservator, liquidator, or receiver without bond.
• § 622 If the Federal Insurance Agency accepts the appointment in accordance with Section 620, the rights of customers and other creditors of the insured licensee…
• § 623 The Federal Insurance Agency conservator, liquidator, or receiver shall possess with respect to the insured licensee all the powers, rights, and privileges…
• § 624 (a) The commissioner may sell to any other licensee any part or the whole of the business of a licensee that is subject to liquidation or conservatorship. The…