Delaware Code Title 18 Sec. 1511 – Deficiency of deposit
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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. 1953, § ?1512; 56 Del. Laws, c. 380, § ?1;
Terms Used In Delaware Code Title 18 Sec. 1511
- 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