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

18 Del. C. § 1511: Deficiency of deposit.

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

If for any reason the market value of assets of an insurer held on deposit in this State as required under this title falls below the required amount, the insurer shall promptly deposit other or additional assets eligible for deposit sufficient to cure the deficiency. If the insurer has failed to cure the deficiency within 20 days after receipt of notice thereof by registered mail from the Commissioner, the Commissioner shall forthwith revoke the insurer’s certificate of authority.

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

Browse this collection