J. MILLARD TAWES, Governor                     1055

The time specified in the notice shall be as fixed by the court for
filing of claims and which shall be not less than six (6) months
after the entry of the order of insolvency. The notice shall be given
in such manner and for such reasonable period of time as may be
ordered by the court.

162.    Report and Petition for Assessment.

Within three years after the date of the entry of an order of
rehabilitation or liquidation of a domestic mutual insurer or a
domestic reciprocal insurer, the Commissioner may make and file
his report and petition to the court setting forth:

(a)   The reasonable value of the assets of the insurer;

(b)   The liabilities of the insurer to the extent thus far ascertained
by the Commissioner;

(c)   The aggregate amount of the assessment, if any, which the
Commissioner deems reasonably necessary to pay all claims, the
costs and expenses of the collection of the assessments and the costs
and expenses of the delinquency proceedings in full;

(d)   Any other information relative to the affairs or property of
the insurer that the Commissioner deems material.

163.    Order and Levy of Assessment.

(a)   Upon the filing and reading of the report and petition pro-
vided for in section 162, the court, ex-parte, may order the Commis-
sioner to assess all members or subscribers of the insurer who may
be subject to such an assessment, in such an aggregate amount as
the court finds reasonably necessary to pay all valid claims as may
be timely filed and proved in the delinquency proceedings, together
with the costs and expenses of levying and collecting assessments
and the costs and expenses of the delinquency proceedings in full.
Any such order shall require the Commissioner to assess each such
member or subscriber for his proportion of the aggregate assess-
ment, according to such reasonable classification of such members or
subscribers and formula as may be made by the Commissioner and
approved by the court.

(b)   The court may order additional assessments to all members
or subscribers of the insurer who may be subject to such an assess-
ment, upon the filing and reading of any amendment or supplement
to the report and petition referred to in subsection (a) above, if
such amendment or supplement is filed within three (3) years after
the date of the entry of the order of rehabilitation or liquidation.

(c)   After the entry of the order to levy and assess members or
subscribers of an insurer referred to in (a) or (b) above, the Com-
missioner shall levy and assess members or subscribers in accord-
ance with the order.

(d)   The total of all assessments against any member or sub-
scriber with respect to any policy, whether levied pursuant to this
subtitle or pursuant to any other provision of this article, shall be
for no greater amount than that specified in the policy or policies of
the member or subscriber and as limited under this article.