Delaware Code Title 18 Sec. 5909 – Grounds for ancillary liquidation; foreign insurers
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The Commissioner may apply to the court for an order appointing the Commissioner as ancillary receiver of and directing the Commissioner to liquidate the business of a foreign insurer having assets, business or claims in this State upon the appointment in the domiciliary state of such insurer of a receiver, liquidator, conservator, rehabilitator or other officer by whatever name called for the purpose of liquidating the business of such insurer.
18 Del. C. 1953, § ?5909; 56 Del. Laws, c. 380, § ?1; 70 Del. Laws, c. 186, § ?1;
Terms Used In Delaware Code Title 18 Sec. 5909
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302