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Delaware · Through 2026-08-10 (85 Del. Laws, c. 421, 424) · Newer source version available

18 Del. C. § 1510: Levy upon deposit.

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Where this section sits in the code
  1. Title 18. Insurance Code
  2. Insurance
  3. CHAPTER 15. Administration of Deposits

(a) Except as provided in subsection (b) of this section below, no judgment creditor or other claimant of an insurer shall have the right to levy upon any of the assets held in this State as a deposit for the protection of the insurer’s policyholders or policyholders and creditors. As to deposits made pursuant to the retaliatory provision, § 532 of this title, levy thereupon shall be permitted if so provided in the Commissioner’s order under which the deposit is required.

(b) Securities comprising the special deposit of a surety insurer required under § 513(b) of this title shall not be subject to levy under any writ of attachment, but shall be subject to process against the insurer, by final judgment and execution issued against the insurer on account of its default upon any surety contract issued by it in this State, upon 30 days written notice to the insurer specifying the time, place and manner of sale and the process under which and purposes for which the securities are to be sold and accompanied by a copy of such process.

Collected 2026-09-05T23:02:24Z. Source file · JSON

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