# 18 Del. C. § 5904A: §  5904A. Proceedings against bank insurance division > Delaware · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5904A ## Section - **Citation:** 18 Del. C. § 5904A - **Heading:** §  5904A. Proceedings against bank insurance division - **Jurisdiction:** Delaware - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Delaware Code / Title 18 / Chapter 59 / Subchapter I / Section 5904A ## Text (a) The Commissioner may in the Commissioner’s discretion forthwith take possession of the business and property, including the books and records, of any division of a bank or trust company acting as an insurer whenever it shall appear that such division: (1) Is conducting its business in an unauthorized or unsafe manner; (2) Is in an unsound or unsafe condition to transact its business; or (3) Cannot with safety and expediency continue business as a result of any cause whatsoever. (b) The Commissioner may require an examination of a bank or trust company, which bank or trust company has established and operates a division pursuant to § 767 of Title 5, by the Bank Commissioner as authorized under § 122 of Title 5, and a report of such examination shall be furnished to the Commissioner pursuant to § 124 of Title 5. (c) After taking possession of the division of a bank or trust company acting as an insurer, the Commissioner shall take such steps to conserve or rehabilitate the business and property of such division as the Commissioner deems practicable or desirable, or if in the judgment of the Commissioner such conservation or rehabilitation is not practicable or desirable, the Commissioner may proceed to liquidate such business and property. All proceedings of the Commissioner for the conservation, rehabilitation, or liquidation of a division of a bank or trust company acting as an insurer shall be in accordance with the provisions of this title applicable to the conservation, rehabilitation or liquidation of insurers by the Commissioner. ## Nearby sections - [18 Del. C. § 5901 §  5901. Definitions [For application of this section, see 79 Del. Laws, c. 207, Â 3].](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5901.md) - [18 Del. C. § 5902 §  5902. Jurisdiction of delinquency proceedings; venue; change of venue; exclusiveness of remedy; appeal.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5902.md) - [18 Del. C. § 5903 §  5903. Commencement of delinquency proceedings.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5903.md) - [18 Del. C. § 5904 §  5904. Injunctions [For application of this section, see 79 Del. Laws, c. 207, Â 3].](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5904.md) - [18 Del. C. § 5904A §  5904A. Proceedings against bank insurance division.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5904A.md) - [18 Del. C. § 5905 §  5905. Grounds for rehabilitation; domestic insurers.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5905.md) - [18 Del. C. § 5906 §  5906. Grounds for liquidation.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5906.md) - [18 Del. C. § 5907 §  5907. Grounds for conservation; foreign insurers.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5907.md) - [18 Del. C. § 5908 §  5908. Grounds for conservation — Alien insurers.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5908.md) - [18 Del. C. § 5909 §  5909. Grounds for ancillary liquidation; foreign insurers.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5909.md) - [18 Del. C. § 5910 §  5910. Order of rehabilitation; termination.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5910.md) - [18 Del. C. § 5911 §  5911. Order of liquidation; domestic insurers; insolvent insurer’s assets.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5911.md) - [18 Del. C. § 5912 §  5912. Order of conservation or ancillary liquidation of foreign or alien insurers.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5912.md) - [18 Del. C. § 5913 §  5913. Conduct of delinquent proceedings against domestic and alien insurers.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5913.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5904A. Check the current official text before relying on it. Not legal advice.