18 Del. Admin. Code § 302-13.0

Current through Register Vol. 28, No. 5, November 1, 2024

Section 302-13.0 - Suspension or revocation of Certificate of Authority

13.1 Subject to the provisions of this section, the Commissioner may suspend or revoke the certificate of authority issued to a company in the following circumstances:

13.1.1 if the company has not commenced business within two years of receiving a certificate of authority, unless specifically provided for in the company's plan of operation;

13.1.2 if the company ceases to carry on insurance business, unless specifically provided for in its plan of operation;

13.1.3 at the request of the company; or

13.1.4 for any reason provided in 18 Del.C. § 6909.

13.2 Suspension or revocation of a certificate of authority shall be subject to relevant provisions of the Administrative Procedures Act, 29 Del.C. § 10101, et seq.

18 Del. Admin. Code § 302-13.0