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2023 Delaware Code
Title 18 - Insurance Code
Chapter 15. ADMINISTRATION OF DEPOSITS
§ 1514. Commissioner's liability.
Universal Citation:
18 DE Code § 1514 (2023)
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§ 1514. Commissioner's liability.
If the Commissioner wilfully fails faithfully to require, deposit, keep, account, and receipt for, or surrender in the manner by law authorized or required any assets as provided in this title, the Commissioner shall be responsible upon his or her official bond therefor and suit may be brought upon his or her bond by any person injured by such failure; and the Commissioner so offending shall be guilty of a felony, and fined not more than $10,000 and imprisoned not less than 2 years or more than 10 years.
18 Del. C. 1953, § 1515; 56 Del. Laws, c. 380, § 1; 70 Del. Laws, c. 186, § 1;
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