{"data":{"id":"us-in/ic-27-9-3-6","jurisdiction":"us-in","citation":"IC 27-9-3-6","heading":"Basis for liquidation","body":"Sec. 6. The commissioner may petition the Marion County circuit court for an order directing him to liquidate a domestic insurer or an alien insurer domiciled in Indiana on the basis:\n(1) of any ground for an order of rehabilitation as specified in section 1 of this chapter, whether or not there has been a prior order directing the rehabilitation of the insurer;\n(2) that the insurer is insolvent; or\n(3) that 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 27. INSURANCE","ARTICLE 9. SUPERVISION; REHABILITATION; LIQUIDATION","Chapter 3. Formal Proceedings"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-9-3-6","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"45ae30bccca3a00333c144852074676977f84caa0531d7f19a513bdac55645ec","source_id":"us-in","stale":false,"prev":"us-in/ic-27-9-3-5","next":"us-in/ic-27-9-3-7"},"notice":"GroundRules: Original legal text. Not legal advice."}