5 Del. Admin. Code § 2302-5.0

Current through Register Vol. 28, No. 7, January 1, 2025

Section 2302-5.0 - Qualifications for Exemption

5.1 An exempt person shall at all times maintain:

5.1.1 a net worth of at least $100,000 computed in accordance with generally accepted accounting principles; and

5.1.2 such financial responsibility, financial condition, financial and business experience, character, and general fitness as reasonably to warrant the belief that its business will be conducted honestly, fairly, equitably, carefully, and efficiently.

5.2 The Commissioner may investigate and consider the qualifications of the applicant for the exemption, including principals, officers and directors of an applicant, in determining whether the qualifications for an exemption have been met.

5 Del. Admin. Code § 2302-5.0