Source: https://code.dccouncil.us/dc/council/code/sections/31-1348.html
Timestamp: 2019-04-20 22:37:51+00:00

Document:
D.C. Law Library - § 31–1348. Conservation of property of foreign or alien insurers found in the District of Columbia.
↪ § 31–1348. Conservation of property of foreign or alien insurers found in the District of Columbia.
§ 31–1347. External audit of the receiver’s books.
(B) That there are residents of the District with outstanding claims or outstanding policies.
(c) The court may issue the order in whatever terms it deems appropriate. The filing or recording of the order with the Clerk of the Superior Court of the District of Columbia shall impart the same notice as a deed, bill of sale, or other evidence of title duly filed or recorded with that recorder of deeds would have imparted.
(d) The conservator may at any time petition for, and the court may grant, an order under § 31-1349 to liquidate assets of a foreign or alien insurer under conservation, or, if appropriate, for an order under § 31-1351 to be appointed ancillary receiver.
(e) The conservator may at any time petition the court for an order terminating conservation of an insurer. If the court finds that the conservation is no longer necessary, it shall order that the insurer be restored to possession of its property and control of its business. The court may also make such a finding and issue such an order at any time upon motion of any interested party, but, if the motion is denied, all costs shall be assessed against the interested party.
This section is referenced in § 31-1349 and § 31-1350.

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