(a) The commissioner may apply to the court for an order appointing him as receiver or ancillary receiver and directing him to conserve the assets within this state of a foreign or alien insurer upon: (i) Any of the grounds specified in W.S. 26-28-105 or 26-28-106; or (ii) The ground that the insurer's property has been sequestrated in its domiciliary sovereignty or in any other sovereignty; or (iii) If an alien insurer, the ground that the insurer failed to comply, within the time the commissioner designated, with an order by the commissioner to make good an impairment of its trusteed funds.
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