Delaware § 6961 Certain actions by the Commissioner

Delaware Statutes

§ 6961 — Certain actions by the Commissioner

Delaware·Title 18·Part Insurance·Ch. 69 CAPTIVE INSURANCE COMPANIES·Subch. Special Purpose Financial Captive Insurance Companies

Other than under § 6959 of this title, the Commissioner shall notify a special purpose financial captive insurance company not less than 30 days before suspending, revoking, amending, or modifying its certificate of authority or any order issued in connection therewith. The notice must state the basis for the suspension, revocation, amendment, or modification. The special purpose financial captive insurance company must be afforded the opportunity for a hearing and all rights provided pursuant to the provisions of the Administrative Procedures Act, Chapter 101 of Title 29.

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

Other than under § 6959 of this title, the Commissioner shall notify a special purpose financial captive insurance company not less than 30 days before suspending, revoking, amending, or modifying its certificate of authority or any order issued in connection therewith. The notice must state the basis for the suspension, revocation, amendment, or modification. The special purpose financial captive insurance company must be afforded the opportunity for a hearing and all rights provided pursuant to the provisions of the Administrative Procedures Act, Chapter 101 of Title 29.

Delaware § 6961 (Certain actions by the Commissioner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.