HB681:

Insurers rehabilitation and liquidation; federal home loan bank rights.

Bill Summary:

Insurers rehabilitation and liquidation; federal
home loan bank rights. Expands upon provisions that authorize
a court, in instances of insurer rehabilitation and liquidation,
to issue a restraining order or injunction to an insurer to prevent
the transaction of future business or other business activities.
The bill further creates provisions relating to federal home loan
bank rights and insurer-members of federal home loan banks related
to the transfer of assets, delinquency proceedings, and requirements
for federal home loan banks upon appointing a receiver for an insurer-member.