The superintendent of insurance may file a complaint in the court of common pleas for an order directing him to liquidate a domestic insurer or an alien insurer domiciled in this state on the basis of any one or more of the following:
(A) Upon any ground for an order of rehabilitation specified in section 3903.12 of the Revised Code, whether or not there has been a prior order directing the rehabilitation of the insurer;
(B) That the insurer is insolvent;
(C) 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.
Taylor v. Ernst & Young, L.L.P., 2011-Ohio-5262, 130 Ohio St. 3d 411. · cites it 4דUpon the court’s issuance of such an order, the superintendent, acting as liquidator, takes possession of the assets of the insurer and is “vested by operation of law with the title to all of the property, contracts, and rights of action and all of the books and records of the…”
Hudson v. Petrosurance, Inc., 2010-Ohio-4505, 936 N.E.2d 481. · cites it 2דWhen the superintendent of insurance believes that an insurer has become insolvent, R.C. 3903.17 authorizes the superintendent to file a complaint in the court of common pleas for an order of liquidation.”
Harry v. Jump, Etc. v. Samuel Goldenhersh, 619 F.2d 11 (8th Cir. 1980). · cites it 3ד83 in legal fees paid to Goldenhersh and Newman by MI&I in violation of the Ohio preferential payment statute, Ohio Rev.Code Ann. § 3903.17 (Page). After trial, the Court, applying Ohio substantive law, entered judgment for the appellee in the full amount claimed.”
Anderson v. Ohio Dep't of Ins., 569 N.E.2d 1042 (Ohio 1991). · cites it 2ד” R.C. 3903.17 (C). The statutory scheme for the regulation and liquidation of HMOs is designed to protect the interests of the public from the difficulties experienced by the company, not to protect the company and its shareholders.”
George Fabe v. United States Dep't of the Treasury Mitchell A. Levine, 939 F.2d 341 (6th Cir. 1991). “The district court provided an adequate synopsis of its pertinent provisions: The Superintendent of Insurance may file a complaint seeking an order to liquidate an insurer for one of a number of reasons, Ohio Rev.Code § 3903.17, and if the Court of Common Pleas issues an order…”
McManamon v. Ohio Dep't of Ins., 903 N.E.2d 714 (Ohio Ct. App. 10th Dist. 2008). · cites it 2דR.C. 3903.17 sets forth three grounds on which ODI may seek a liquidation order: (1) upon any of the grounds for rehabilitation specified in R.”
Ohio Rev. Code § 3903.17(B): 1 case
Taylor v. Ernst & Young, L.L.P., 2011-Ohio-5262, 130 Ohio St. 3d 411. “Upon the court’s issuance of such an order, the superintendent, acting as liquidator, takes possession of the assets of the insurer and is “vested by operation of law with the title to all of the property, contracts, and rights of action and all of the books and records of the…”
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