Delaware Statutes

§ 1509 — Rights of insurer during solvency

Delaware·Title 18·Part Insurance·Ch. 15 ADMINISTRATION OF DEPOSITS

So long as the insurer remains solvent and is in compliance with this title it may:

(1)Demand, receive, sue for and recover the income from the assets deposited;
(2)Exchange and substitute for the deposited assets, assets of equivalent or greater fair market value; and
(3)At any reasonable time inspect any such deposit.

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Legislative History

18 Del. C. 1953, § 1510; 56 Del. Laws, c. 380, § 1

Nearby Sections

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