An insurer may not engage in the following actions during the period of supervision, without the prior approval of the commissioner or his or her special deputy supervisor:

1. (1) Dispose of, convey, or encumber any of its assets or its business in force;
2. (2) Withdraw any of its bank accounts;
3. (3) Lend any of its funds;
4. (4) Invest any of its funds;
5. (5) Transfer any of its property;
6. (6) Incur any debt, obligation or liability;
7. (7) Merge or consolidate with another company;
8. (8) Approve new premiums or renew any policies;
9. (9) Enter into any new reinsurance contract or treaty;
10. (10) Terminate, surrender, forfeit, convert or lapse any insurance policy, certificate or contract, except for nonpayment of premiums due;
11. (11) Release, pay or refund premium deposits, accrued cash or loan values, unearned premiums, or other reserves on any insurance policy, certificate or contract;
12. (12) Make any material change in management; or
13. (13) Increase salaries and benefits of officers or directors or the preferential payment of bonuses, dividends, or other payments deemed preferential.