The Commissioner may petition the superior court for an order directing him to liquidate a domestic insurer or an alien insurer domiciled in this state on the basis: (1) Of any ground for an order of rehabilitation as specified in Code Section 33-37-11, whether or not there has been a prior order directing the rehabilitation of the insurer; (2) That the insurer is insolvent; or (3) That the insurer is in such condition that the further transaction of business would be hazardous, financially or otherwise, to its policyholders, its creditors, or the public. History. — Code 1981, § 33-37-16, enacted by Ga. L. 1991, p. 1424, § 7.
Grounds for order of liquidation
O.C.G.A. § 33-37-16 — under Title 33.
O.C.G.A. § 33-37-16