Tennessee Statutes
§ 56-9-306 — Grounds for order of liquidation
Tennessee·Title 56
The commissioner may petition the chancery court of Davidson County 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 § 56-9-301 , 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.
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Tennessee § 56-9-306 (Grounds for order of liquidation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
State ex. rel. Flowers v. Tennessee Trucking Ass'n Self Insurance Group Trust
209 S.W.3d 602 (Court of Appeals of Tennessee, 2006)
State Ex Rel. Sizemore v. United Physicians Insurance Risk Retention Group
56 S.W.3d 557 (Court of Appeals of Tennessee, 2001)
United Physicians Insurance Risk Retention Group, by and through Douglas M. Sizemore, Commissioner of Commerce and Insurance v. United American Bank of Memphis
(Court of Appeals of Tennessee, 1996)
Leslie Newman, Commissioner of the Tennessee Department of Commerce and Insurance v. Smart Data Solutions, LLC
(Court of Appeals of Tennessee, 2011)
Legislative History
Acts 1991, ch. 142, § 4.
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Commissioner head of department