Legislation

Search OpenLegislation Statutes

This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 7419
Injunctions
Insurance (ISC) CHAPTER 28, ARTICLE 74
§ 7419. Injunctions. (a) Upon application by the superintendent for an
order to show cause under this article or at any time thereafter, the
court in which such order is made, or any justice thereof may without
notice issue an injunction restraining the insurer, its officers,
directors, shareholders, members, trustees, agents, servants, employees,
policyholders, attorneys, managers, and all other persons from the
transaction of its business or the waste or disposition of its property
until further order of the court.

(b) Such court or justice may at any time during a proceeding under
this article issue such other injunctions or orders as it deems
necessary to prevent interference with the superintendent or the
proceeding, or waste of the assets of the insurer, or the commencement
or prosecution of any actions, the obtaining of preferences, judgments,
attachments or other liens, or the making of any levy against the
insurer, its assets or any part thereof.