§ Â 5903. Commencement of delinquency proceedings.
DelawareStatutes
Ask Donna
How this section applies to your facts.
Delaware Code › Title 18 › Chapter 59 › Subchapter I › Section 5903
Text
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.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.