Georgia § 33-37-16 Grounds for order of liquidation

Georgia Statutes

§ 33-37-16 — Grounds for order of liquidation

Georgia § 33-37-16

Title33

This text of Georgia § 33-37-16 (Grounds for order of liquidation) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 33-37-16 (2026).

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.