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2023 Delaware Code
Title 18 - Insurance Code
Chapter 59. REHABILITATION AND LIQUIDATION
Subchapter I. General Provisions
§ 5903. Commencement of delinquency proceedings.
Universal Citation:
18 DE Code § 5903 (2023)
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§ 5903. Commencement of delinquency proceedings.
The Commissioner shall commence any such proceedings by application to the court for an order directing the insurer to show cause why the Commissioner should not have the relief prayed for. On the return of such order to show cause and after a full hearing, the court shall either deny the application or grant the application, together with such other relief as the nature of the case and the interests of the policyholders, creditors, stockholders, members, subscribers or the public may require.
18 Del. C. 1953, § 5903; 56 Del. Laws, c. 380, § 1;
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