Whenever it appears to the Commissioner that any person has committed a violation of this chapter which makes the continued operation of an insurer contrary to the interests of policyholders or the public, the Commissioner may, after giving notice and an opportunity to be heard, determine to suspend, revoke or refuse to renew such insurer's license or authority to do business in this State for such period as the Commissioner finds is required for the protection of policyholders or the public. Any such determination shall be accompanied by specific findings of fact and conclusions of law.
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.