2012 Ohio Revised Code
Title [39] XXXIX INSURANCE
Chapter 3903 - RESERVE VALUATION; REHABILITATION AND LIQUIDATION
Section 3903.17 - Basis for liquidation order.
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
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