{"data":{"id":"us-tn/tenn.-code-ann.-56-9-306","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 56-9-306","heading":"Grounds for order of liquidation","body":"The commissioner may petition the chancery court of Davidson County for an order directing the commissioner to liquidate a domestic insurer or an alien insurer domiciled in this state on the basis:\n(1) Of any ground for an order of rehabilitation as specified in § 56-9-301 , 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 condition that the further transaction of business would be hazardous, financially or otherwise, to its policyholders, its creditors or the public.","path":["TN Code","Title 56","Chapter 9"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"ca780276e931be6752d120450678291a573fe3d129621a3c2510b22ab9b07ddc","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-56-9-305","next":"us-tn/tenn.-code-ann.-56-9-307"},"notice":"GroundRules: Original legal text. Not legal advice."}