Delaware § 5908 Grounds for conservation — Alien insurers

Delaware Statutes

§ 5908 — Grounds for conservation — Alien insurers

Delaware § 5908

JurisdictionDelaware

Title18

PartInsurance

Ch. 59REHABILITATION AND LIQUIDATION

Subch.General Provisions

This text of Delaware § 5908 (Grounds for conservation — Alien insurers) 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, § 5908 (2026).

Text

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

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

(2)Upon the ground that the insurer has failed to comply within the time designated by the Commissioner with an order made by the Commissioner to make good an impairment of its trusteed funds; or

(3)Upon the ground that the property of the insurer has been sequestrated in its domiciliary sovereignty or elsewhere.

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

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

(2) Upon the ground that the insurer has failed to comply within the time designated by the Commissioner with an order made by the Commissioner to make good an impairment of its trusteed funds; or

(3) Upon the ground that the property of the insurer has been sequestrated in its domiciliary sovereignty or elsewhere.