Grounds for Order of Liquidation

  1. Law
  2. Tennessee Code
  3. Insurance
  4. Insurers Rehabilitation and Liquidation Act
  5. Formal Proceedings
  6. Grounds for Order of Liquidation

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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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