Rhode Island § 27-14.3-21 § 27-14.3-21. Grounds for liquidation.

Rhode Island Statutes

§ 27-14.3-21 — § 27-14.3-21. Grounds for liquidation.

Rhode Island § 27-14.3-21

Title 27Insurance

Ch. 27-14.3Insurersâ€™ Rehabilitation and Liquidation Act

This text of Rhode Island § 27-14.3-21 (§ 27-14.3-21. Grounds for liquidation.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 27-14.3-21 (2026).

Text

§ 27-14.3-21. Grounds for liquidation.
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:
         
(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
  

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§ 27-14.3-21. Grounds for liquidation.

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:

(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.