Delaware Code Title 18 Sec. 4707 – Investigation
(a) Upon completion of the application for a permit under §§ 4705 and 4706 of this title, the Commissioner shall promptly cause an investigation to be made of:
(1) The identity, character, reputation, financial standing and motives of the persons proposing to organize or promote and manage the proposed insurer or organization;
(2) The character, financial responsibility, insurance management experience and business qualifications of the officers, directors and managers of the insurer or proposed insurer or organization; and
(3) Such other aspects of the proposed insurer or financing as the Commissioner deems advisable.
Terms Used In Delaware Code Title 18 Sec. 4707
- 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
(b) The Commissioner may waive such an investigation of an insurer already duly authorized to transact insurance in this State.
18 Del. C. 1953, § ?4707; 56 Del. Laws, c. 380, § ?1;