---
title: O.C.G.A. § 33-37-16. Grounds for order of liquidation.
collection: code
id: 33-37-16
cite_as: O.C.G.A. § 33-37-16 (2025)
canonical_url: https://georgiacommons.org/code/33-37-16
md_url: https://georgiacommons.org/code/33-37-16.md
text_url: https://georgiacommons.org/code/33-37-16/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t33-ch23-65-(v25)-2020-pdf.pdf?sfvrsn=68297_0#page=741
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/33-37.md
previous: https://georgiacommons.org/code/33-37-15.md
next: https://georgiacommons.org/code/33-37-17.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: INSURANCE / INSURERS REHABILITATION AND LIQUIDATION / PROCEDURE FOR REHABILITATION
---

# O.C.G.A. § 33-37-16. Grounds for order of liquidation.

The Commissioner may petition the superior court for an order directing him to liquidate 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 Code Section 33-37-11, 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.

## History

Code 1981, § 33-37-16, enacted by Ga. L. 1991, p. 1424, § 7.