{"data":{"id":"us-mi/mich.-comp.-laws-500.8117","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.8117","heading":"Liquidation of domestic or alien insurer; basis.","body":"Sec. 8117.\n\nThe commissioner may petition the circuit court for Ingham county for an order directing him or her to liquidate a domestic insurer or an alien insurer domiciled in this state on the following basis:\n\nAny ground for an order of rehabilitation as specified in section 8112, whether or not there has been a prior order directing the rehabilitation of the insurer.\n\nThat the insurer is insolvent.\n\nThat 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.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-8117","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"b530b343329366992e50115e275ba6050dc4f43cebfeb5c2e04daea7dd62b234","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.8116","next":"us-mi/mich.-comp.-laws-500.8118"},"notice":"GroundRules: Original legal text. Not legal advice."}