Delaware Code Title 18 Sec. 1509 – Rights of insurer during solvency
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So long as the insurer remains solvent and is in compliance with this title it may:
(1) Demand, receive, sue for and recover the income from the assets deposited;
(2) Exchange and substitute for the deposited assets, assets of equivalent or greater fair market value; and
(3) At any reasonable time inspect any such deposit.
18 Del. C. 1953, § ?1510; 56 Del. Laws, c. 380, § ?1;
Terms Used In Delaware Code Title 18 Sec. 1509
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.