An insurer shall file with the commissioner a plan for orderly withdrawal if the insurer proposes to:
(1) reduce the insurer's total annual premium volume by 50 percent or more;
(2) reduce the insurer's annual premium by 75 percent or more in a line of insurance in this state; or
(3) reduce in this state, or in any applicable rating territory, the insurer's total annual premium volume in a line of personal automobile or residential property insurance by 50 percent or more.