Delaware § 5907 Grounds for conservation; foreign insurers

Delaware Statutes

§ 5907 — Grounds for conservation; foreign insurers

Delaware·Title 18·Part Insurance·Ch. 59 REHABILITATION AND LIQUIDATION·Subch. General Provisions

The Commissioner may apply to the court for an order appointing the Commissioner as receiver or ancillary receiver and directing him or her to conserve the assets within this State, of a foreign insurer upon any of the following grounds:

(1)Upon any of the grounds specified in § 5905 or § 5906 of this title, or

(2)Upon the ground that its property has been sequestrated in its domiciliary sovereignty or in any other sovereignty.

Free access — add to your briefcase to read the full text and ask questions with AI

The Commissioner may apply to the court for an order appointing the Commissioner as receiver or ancillary receiver and directing him or her to conserve the assets within this State, of a foreign insurer upon any of the following grounds:

(1) Upon any of the grounds specified in § 5905 or § 5906 of this title, or

(2) Upon the ground that its property has been sequestrated in its domiciliary sovereignty or in any other sovereignty.

Delaware § 5907 (Grounds for conservation; foreign insurers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.