{"data":{"id":"us-nd/n.d.-cent.-code-26.1-06.1-16","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 26.1-06.1-16","heading":"Grounds for liquidation","body":"The commissioner may petition the district court for an order directing the liquidation of a domestic insurer or an alien insurer domiciled in this state on the basis:\n1.Of any ground for an order of rehabilitation as specified in section 26.1-06.1-11, whether or not there has been a prior order directing the rehabilitation of the insurer;\n2.That the insurer is insolvent; or\n3.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.","path":["Title 26.1 Insurance","Chapter 26.1-06.1 Insurance Company Rehabilitation And Liquidation"],"source_url":"https://ndlegis.gov/cencode/t26-1c06-1.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"99c143695cf65bfca9a74e5a037c75d5bc5256436d50d7c76b5631fa56cdb900","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-26.1-06.1-15","next":"us-nd/n.d.-cent.-code-26.1-06.1-17"},"notice":"GroundRules: Original legal text. Not legal advice."}