{"data":{"id":"us-dc/d.c.-code-31-1315","jurisdiction":"us-dc","citation":"D.C. Code § 31-1315","heading":"Grounds for liquidation.","body":"The Commissioner may petition the Superior Court of the District of Columbia for an order directing him or her to liquidate a domestic insurer or an alien insurer domiciled in the District on the basis:\n\n(1)\nOf any ground for an order of rehabilitation as specified in § 31-1310, whether or not there has been a prior order directing the rehabilitation of the insurer;\n\n(2)\nThat the insurer is insolvent; or\n\n(3)\nThat the insurer is in such a condition that the further transaction of business would be hazardous, financially or otherwise, to its policyholders, its creditors, or the public.","path":["Title 31. Insurance and Securities.","Chapter 13. Insurers Rehabilitation and Liquidation Procedures."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/31-1315","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"c16ab27ec161e2b21b8c89ded0a969ca701ca942a872bcb5acd7a77a84d6e4c0","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-31-1314","next":"us-dc/d.c.-code-31-1316"},"notice":"GroundRules: Original legal text. Not legal advice."}