SECTION 631.311. Report and petition for assessment.
Latest version.
1Within 3 years after the date of the entry of an order of rehabilitation or liquidation of a domestic mutual insurer or a domestic reciprocal insurer, the department may make and file its report and petition to the court setting forth:
42(1) 43The reasonable value of the assets of the insurer;
52(2) 53The liabilities of the insurer to the extent thus far ascertained by the department;
67(3) 68The aggregate amount of the assessment, if any, which the department deems reasonably necessary to pay all claims, the costs and expenses of the collection of the assessments, and the costs and expenses of the delinquency proceeding in full;
107(4) 108Any other information relative to the affairs or property of the insurer that the department deems material.
