Del. Code tit. 18 § 5903

Current through 2024 Legislative Session Act Chapter 510

Section 5903 - Commencement of delinquency proceedings

The Commissioner shall commence any such proceedings by application to the court for an order directing the insurer to show cause why the Commissioner should not have the relief prayed for. On the return of such order to show cause and after a full hearing, the court shall either deny the application or grant the application, together with such other relief as the nature of the case and the interests of the policyholders, creditors, stockholders, members, subscribers or the public may require.

18 Del. C. § 5903

18 Del. C. 1953, § 5903; 56 Del. Laws, c. 380, § 1.;