Delaware § 3908 Cancellation or nonrenewal of automobile policy — Exceptions related to insurer’s condition

Delaware Statutes

§ 3908 — Cancellation or nonrenewal of automobile policy — Exceptions related to insurer’s condition

Delaware·Title 18·Part Insurance·Ch. 39 CASUALTY INSURANCE CONTRACTS

Nothing contained in §§ 3903-3907 of this title shall be construed to prevent the cancellation or nonrenewal of any such insurance where:

(1)Cancellation or nonrenewal is ordered under or in connection with a statutory delinquency proceeding commenced against the insurer under Chapter 59 of this title (Rehabilitation and Liquidation); or

(2)Cancellation or nonrenewal has been consented to by the Commissioner on a showing that continuation of such insurance can reasonably be expected to create a condition in the insurer hazardous to its policyholders, or to its creditors, or to its members, subscribers or stockholders, or to the public.

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Nothing contained in §§ 3903-3907 of this title shall be construed to prevent the cancellation or nonrenewal of any such insurance where:

(1) Cancellation or nonrenewal is ordered under or in connection with a statutory delinquency proceeding commenced against the insurer under Chapter 59 of this title (Rehabilitation and Liquidation); or

(2) Cancellation or nonrenewal has been consented to by the Commissioner on a showing that continuation of such insurance can reasonably be expected to create a condition in the insurer hazardous to its policyholders, or to its creditors, or to its members, subscribers or stockholders, or to the public.

Delaware § 3908 (Cancellation or nonrenewal of automobile policy — Exceptions related to insurer’s condition) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.