Delaware Statutes

§ 2939 — Registered policies, bonds — Effect of insolvency

Delaware·Title 18·Part Insurance·Ch. 29 LIFE INSURANCE AND ANNUITY CONTRACTS
In case an insurer having securities on deposit as to such registered policies or bonds shall be adjudged insolvent or be dissolved, the proper court shall make and enforce the necessary orders to place said securities, or any part of them, at the sole disposal of the Commissioner.

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Legislative History

18 Del. C. 1953, § 2940; 56 Del. Laws, c. 380, § 1

Nearby Sections

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