Delaware Code
Subchapter I. General Provisions
§ 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.

Structure Delaware Code

Delaware Code

Title 18 - Insurance Code

Chapter 59. REHABILITATION AND LIQUIDATION

Subchapter I. General Provisions

§ 5901. Definitions [For application of this section, see 79 Del. Laws, c. 207, § 3].

§ 5902. Jurisdiction of delinquency proceedings; venue; change of venue; exclusiveness of remedy; appeal.

§ 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.

§ 5922. Exemption from fees.

§ 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.

§ 5927. Offsets.

§ 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.

§ 5933. Qualified financial contracts.