(a) The Court of Chancery shall have original jurisdiction of delinquency proceedings under this chapter, and any court with jurisdiction is authorized to make all necessary or proper orders to carry out the purposes of this chapter.
(b) The venue of delinquency proceedings against a domestic insurer shall be in the county of the insurer's principal place of business. The venue of such proceedings against foreign and alien insurers shall be in any county in this State selected by the Commissioner for the purpose.
(c) At any time after the commencement of a proceeding under this chapter the Commissioner may apply to the court for an order changing the venue of and removing the proceeding to any other county of this State in which the Commissioner deems that such proceeding may be most economically and efficiently conducted.
(d) Delinquency proceedings pursuant to this chapter shall constitute the sole and exclusive method of liquidating, rehabilitating, reorganizing or conserving an insurer, and no court shall entertain a petition for the commencement of such proceedings unless the same has been filed in the name of the State on the relation of the Commissioner.
(e) An appeal shall lie to the Supreme Court from an order granting or refusing rehabilitation, liquidation or conservation and from every order in delinquency proceedings having the character of a final order as to the particular portion of the proceedings embraced therein.
Structure Delaware Code
Chapter 59. REHABILITATION AND LIQUIDATION
Subchapter I. General Provisions
§ 5901. Definitions [For application of this section, see 79 Del. Laws, c. 207, § 3].
§ 5903. Commencement of delinquency proceedings.
§ 5904. Injunctions [For application of this section, see 79 Del. Laws, c. 207, § 3].
§ 5904A. Proceedings against bank insurance division.
§ 5905. Grounds for rehabilitation; domestic insurers.
§ 5906. Grounds for liquidation.
§ 5907. Grounds for conservation; foreign insurers.
§ 5908. Grounds for conservation — Alien insurers.
§ 5909. Grounds for ancillary liquidation; foreign insurers.
§ 5910. Order of rehabilitation; termination.
§ 5911. Order of liquidation; domestic insurers; insolvent insurer's assets.
§ 5912. Order of conservation or ancillary liquidation of foreign or alien insurers.
§ 5913. Conduct of delinquent proceedings against domestic and alien insurers.
§ 5914. Conduct of delinquency proceedings against foreign insurers.
§ 5915. Claims of nonresidents against domestic insurers.
§ 5916. Claims against foreign insurers.
§ 5917. Form of claim; notice; hearing.
§ 5918. Priority of certain claims.
§ 5919. Attachment and garnishment of assets.
§ 5920. Uniform Insurers Liquidation Act.
§ 5921. Deposit of moneys collected.
§ 5923. Borrowing on pledge of assets.
§ 5924. Date rights fixed on liquidation.
§ 5925. Voidable transfers [For application of this section, see 79 Del. Laws, c. 207, § 3].
§ 5926. Priority of claims for compensation.
§ 5928. Allowance of certain claims.
§ 5929. Order of insolvency; time to file claims.
§ 5930. Report and petition for assessment.
§ 5931. Order and levy of assessments.
§ 5932. Assessment prima facie correct; notice; payment; proceedings to collect.