Delaware § 1933 Withdrawal of eligibility as a surplus lines insurer

Delaware Statutes

§ 1933 — Withdrawal of eligibility as a surplus lines insurer

Delaware § 1933

JurisdictionDelaware

Title18

PartInsurance

Ch. 19DELAWARE NONADMITTED INSURANCE ACT

Subch.Nonadmitted Insurers

This text of Delaware § 1933 (Withdrawal of eligibility as a surplus lines insurer) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 18, § 1933 (2026).

Text

(a)If at any time the Commissioner has reason to believe that a nonadmitted insurer currently eligible as a surplus lines insurer:

(1)Is in unsound financial condition or has acted in an untrustworthy manner; or

(2)No longer meets the requirements for eligibility set forth in § 1931 of this title; or

(3)Has wilfully violated the laws of this State; or

(4)Does not conduct a proper claims practice; the Commissioner may declare such insurer no longer an eligible surplus lines insurer, upon notice and hearing.

(b)The Commissioner shall promptly mail notice of any such declaration to the regulatory authority of the domiciliary jurisdiction of the insurer. The Commissioner shall also publish notice of all such declarations electronically.

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(a) If at any time the Commissioner has reason to believe that a nonadmitted insurer currently eligible as a surplus lines insurer:

(1) Is in unsound financial condition or has acted in an untrustworthy manner; or

(2) No longer meets the requirements for eligibility set forth in § 1931 of this title; or

(3) Has wilfully violated the laws of this State; or

(4) Does not conduct a proper claims practice;

the Commissioner may declare such insurer no longer an eligible surplus lines insurer, upon notice and hearing.

(b) The Commissioner shall promptly mail notice of any such declaration to the regulatory authority of the domiciliary jurisdiction of the insurer. The Commissioner shall also publish notice of all such declarations electronically.