Delaware Statutes
§ 1509 — Rights of insurer during solvency
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
14
§ 1502
Purpose of deposit§ 1505
Record of deposits§ 1507
Appraisal§ 1508
Excess deposits§ 1510
Levy upon deposit§ 1511
Deficiency of deposit§ 1514
Commissioner’s liability