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Exhibit A Chapter 10Chapter 10 Revised 10.2015 CHAPTER IO GENERAL PROVISIONS GENERAL 10,000 10.005 10.010 10.015 10.020 10.025Purpose and Scope Conformance to the Comprehensive Plan Definitions Severability
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What is chapter 10?
Chapter 10 is a section of the bankruptcy code that is specific to insurance company insolvencies.
Who is required to file chapter 10?
Insurance companies that become insolvent and are unable to meet their financial obligations may be required to file for Chapter 10 bankruptcy.
How to fill out chapter 10?
Filing for Chapter 10 bankruptcy involves submitting a petition to the court, providing financial information, and working with a trustee to develop a plan to repay creditors.
What is the purpose of chapter 10?
The purpose of Chapter 10 is to provide a legal framework for the orderly liquidation or rehabilitation of insolvent insurance companies in order to protect policyholders and ensure the fair treatment of creditors.
What information must be reported on chapter 10?
Information related to the insurance company's financial situation, assets, liabilities, and proposed repayment plan must be reported in a Chapter 10 filing.
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