18 Del. Admin. Code § 2001-6.0

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

Section 2001-6.0 - Changes in Condition

6.1 If any licensee or any person who is a partner of a licensee or who is an officer, director, or 10% stockholder of a licensee shall be:

6.1.1 Arrested or indicted for or convicted of any crime (other than a misdemeanor resulting from the operation of a motor vehicle); or

6.1.2 Refused a license or suffers a revocation or suspension of a license as an insurance premium finance company or an insurance agent or agency in any other jurisdiction; or

6.1.3 Be declared bankrupt or otherwise seek the protection of the National Bankruptcy Act or make an assignment for the benefit of creditors;

6.1.4 The Commissioner shall, within ten (10) days after the event, be advised of the facts in detail by letter.

18 Del. Admin. Code § 2001-6.0

23 DE Reg. 129 (8/1/2019) (final)