508D.2 - PURPOSE.

        508D.2  PURPOSE.         The purpose of this chapter is to authorize the formation of an      entity by one or more state life and health insurance guaranty      associations for the purpose of administering and disposing of the      business of impaired or insolvent insurance companies assumed by or      assigned to the entity by its member guaranty associations, or by      impaired or insolvent insurers through the impaired or insolvent      insurer's duly appointed receiver, liquidator, or rehabilitator, and      to establish the conditions under which such an entity shall do      business.  
         Section History: Recent Form
         94 Acts, ch 1011, §2         Referred to in § 508D.3, 508D.4