Delaware § 5909 Grounds for ancillary liquidation; foreign insurers

Delaware Statutes

§ 5909 — Grounds for ancillary liquidation; 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 ancillary receiver of and directing the Commissioner to liquidate the business of a foreign insurer having assets, business or claims in this State upon the appointment in the domiciliary state of such insurer of a receiver, liquidator, conservator, rehabilitator or other officer by whatever name called for the purpose of liquidating the business of such insurer.

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The Commissioner may apply to the court for an order appointing the Commissioner as ancillary receiver of and directing the Commissioner to liquidate the business of a foreign insurer having assets, business or claims in this State upon the appointment in the domiciliary state of such insurer of a receiver, liquidator, conservator, rehabilitator or other officer by whatever name called for the purpose of liquidating the business of such insurer.

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