Relates to orders of conservation for domestic insurers

This bill is a procedural amendment to insurance law that clarifies procedures for conserving assets of insurers. It updates sections governing when the superintendent (insurance regulator) may order asset conservation for domestic, foreign, or alien insurers, and specifies when the superintendent acts as conservator or ancillary receiver. The bill modifies existing legal language to streamline processes for handling insurer financial distress, particularly regarding coordination with domiciliary states. It does not create new requirements or directly affect consumers, businesses, or insurers beyond refining regulatory procedures. (Procedural bill; summary limited to 2 sentences as requested.)