The Commissioner may apply to the court for an order appointing the Commissioner as receiver or ancillary receiver and directing him or her to conserve the assets within this State, of a foreign insurer upon any of the following grounds:
(1) Upon any of the grounds specified in § 5905 or § 5906 of this title, or
(2) Upon the ground that its property has been sequestrated in its domiciliary sovereignty or in any other sovereignty.
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.