TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE
SUBCHAPTER nn: RELIGIOUS AND CHARITABLE RISK POOLING TRUSTS
PART 3601 REQUIREMENTS
SECTION 3601.80 LIQUIDATION


 

Section 3601.80  Liquidation

 

Each trust is required to adhere to reasonable standards of financial solvency.  Should the Director, within his discretion and based upon examination or investigation, determine that any trust is no longer adhering to reasonable standards of financial solvency, he may undertake appropriate proceedings in order to liquidate the trust entity.