Grounds for liquidation
N.D. Cent. Code § 26.1-06.1-16
in effect26.1-06.1-16. Grounds for liquidation
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:
1. 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;
2. That the insurer is insolvent; or
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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t26-1c06-1.pdf#nameddest=26p1-06p1-16Fetched: 10/16/2026