- (1) Of any ground for an order of rehabilitation as specified in § 27-14.3-16, 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 a condition that would make the further transaction of business hazardous, financially or otherwise, to its policyholders, its creditors, or the public.
The commissioner may petition the superior court for the county of Providence for an order directing the commissioner to liquidate a domestic insurer or an alien insurer domiciled in this state on the basis:
History of Section.
P.L. 1993, ch. 248, § 1.