Del. Code tit. 18 § 1511

Current through 2024 Legislative Session Act Chapter 510

Section 1511 - Deficiency of deposit

If for any reason the market value of assets of an insurer held on deposit in this State as required under this title falls below the required amount, the insurer shall promptly deposit other or additional assets eligible for deposit sufficient to cure the deficiency. If the insurer has failed to cure the deficiency within 20 days after receipt of notice thereof by registered mail from the Commissioner, the Commissioner shall forthwith revoke the insurer's certificate of authority.

18 Del. C. § 1511

18 Del. C. 1953, § 1512; 56 Del. Laws, c. 380, § 1.;