For the purposes of this chapter, the circumstances in which an insurer is considered insolvent, delinquent, or threatened with delinquency include circumstances in which the insurer:
(1) has required surplus, capital, or capital stock that is impaired to an extent prohibited by law;
(2) continues to write new business when the insurer does not have the surplus, capital, or capital stock that is required by law to write new business;
(3) conducts the insurer’s business fraudulently; or
(4) attempts to dissolve or liquidate without first having made provisions satisfactory to the commissioner for liabilities arising from insurance policies issued by the insurer.