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

18 Del. C. § 5910: Order of rehabilitation; termination.

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Where this section sits in the code
  1. Title 18. Insurance Code
  2. Insurance
  3. CHAPTER 59. Rehabilitation and Liquidation
  4. Subchapter I. General Provisions

(a) An order to rehabilitate a domestic insurer shall direct the Commissioner forthwith to take possession of the property of the insurer and to conduct the business thereof and to take such steps toward removal of the causes and conditions which have made rehabilitation necessary as the court may direct.

(b) If at any time the Commissioner deems that further efforts to rehabilitate the insurer would be useless, the Commissioner may apply to the court for an order of liquidation.

(c) The Commissioner or any interested person upon due notice to the Commissioner at any time may apply to the court for an order terminating the rehabilitation proceedings and permitting the insurer to resume possession of its property and the conduct of its business, but, no such order shall be made or entered except when, after a hearing, the Court has determined that the purposes of the proceeding have been fully accomplished.

Collected 2026-09-05T23:02:25Z. Source file · JSON

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