1. When the insurer fails to meet its obligations as they mature;
2. When a stock insurer's assets are less than the sum of its liabilities and its
paid-in capital stock account;
3. When a mutual insurer's assets are less than the sum of its liabilities and the
minimum basic surplus required to be maintained by the insurer under this Code for
authority to transact the kinds of insurance transacted; or
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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