{"data":{"id":"us-nc/n.c.-gen.-stat.-58-30-100","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-30-100","heading":"Grounds for liquidation.","body":"The Commissioner may petition the Court for an order directing him to liquidate a domestic insurer or an alien insurer domiciled in this State on the basis:\n(1)\tOf any ground for an order of rehabilitation as specified in G.S. 58-30-75, whether or not there has been a prior order directing the rehabilitation of the insurer;\n(2)\tThat the insurer is insolvent; or\n(3)\tThat 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. (1989, c. 452, s. 1.)","path":["Chapter 58. Insurance.","Article 30. Insurers Supervision, Rehabilitation, and Liquidation."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-30-100.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"9893aeb1a2b0c27335d9da62149e8970bfaea9413e9f6951aa6352de64fc2564","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-30-95","next":"us-nc/n.c.-gen.-stat.-58-30-105"},"notice":"GroundRules: Original legal text. Not legal advice."}