§ 1509 — Rights of insurer during solvency

Delaware § 1509

• Jurisdiction: Delaware
• Title: 18
• Part: Insurance
• Ch. 15: ADMINISTRATION OF DEPOSITS

Text

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.

Legislative History

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