N.Y. Insurance Law § 7404: Grounds for liquidation

§ 7404. Grounds for liquidation. The superintendent may apply under

this article for an order directing the superintendent to liquidate the

business of a domestic insurer, or of the United States branch of an

alien insurer having trusteed assets in this state, upon any of the

grounds specified in subsections (a) through (o) of section seven

thousand four hundred two of this article, whether or not there has been

a prior order directing the superintendent to rehabilitate such insurer.