Whenever it appears to the Commissioner that any person has committed a violation of this chapter which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders or the public, then the Commissioner may proceed as provided in Chapter 59 of this title to take possession of the property of such domestic insurer and to conduct the business thereof.
Structure Delaware Code
Chapter 50. INSURANCE HOLDING COMPANY SYSTEM REGISTRATION
§ 5002. Subsidiaries of insurers.
§ 5003. Acquisition of control of or merger with domestic insurer.
§ 5003A. Acquisitions involving insurers not otherwise covered.
§ 5004. Registration of insurers.
§ 5005. Standards and management of an insurer within an insurance holding company system.
§ 5007. Confidential treatment.
§ 5008. Rules and regulations.
§ 5009. Injunctions, prohibitions against voting securities; sequestration of voting securities.
§ 5013. Revocation, suspension or nonrenewal of insurer's license.
§ 5015. Group-wide supervision of internationally active insurance group.