(1) If the commissioner establishes any of the grounds provided in Section 31A-27a-207, the receivership court shall:
(a) grant the petition; and
(b) issue the order of rehabilitation or liquidation requested in the petition.
(2) Upon the issuance of the order, the commissioner shall forward a copy of the order by first-class mail or electronic communication as permitted by the receivership court to the commissioners and guaranty associations in states in which the insurer did business.