Go to Previous Versions
of
this Section
2025 Delaware Code
Title 18 - Insurance Code
Chapter 15. ADMINISTRATION OF DEPOSITS
§ 1511. Deficiency of deposit.
Universal Citation:
18 DE Code § 1511 (2025)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
§ 1511. Deficiency of deposit.
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.
18 Del. C. 1953, § 1512; 56 Del. Laws, c. 380, § 1;
Disclaimer: These codes may not be the most recent version. Delaware may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
