The superintendent of insurance may file a complaint in the court of common pleas for an order directing him to liquidate a domestic insurer or an alien insurer domiciled in this state on the basis of any one or more of the following:
(A) Upon any ground for an order of rehabilitation specified in section 3903.12 of the Revised Code, whether or not there has been a prior order directing the rehabilitation of the insurer;
(B) That the insurer is insolvent;
(C) 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.
Effective Date: 03-07-1983
Section: Previous 3903.10 3903.11 3903.12 3903.13 3903.14 3903.15 3903.16 3903.17 3903.18 3903.19 3903.20 3903.21 3903.22 3903.23 3903.24 NextLast modified: October 10, 2016