# 18 Del. C. § 5908: §  5908. Grounds for conservation — Alien insurers

> Delaware · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5908

## Section

- **Citation:** 18 Del. C. § 5908
- **Heading:** §  5908. Grounds for conservation — Alien insurers
- **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 5908

## Text

The Commissioner may apply to the court for an order appointing the Commissioner as receiver or ancillary receiver and directing the Commissioner to conserve the assets within this State of any alien insurer upon any of the following grounds:

(1) Upon any of the grounds specified in § 5905 or § 5906 of this title;

(2) Upon the ground that the insurer has failed to comply within the time designated by the Commissioner with an order made by the Commissioner to make good an impairment of its trusteed funds; or

(3) Upon the ground that the property of the insurer has been sequestrated in its domiciliary sovereignty or elsewhere.

## Nearby sections

- [18 Del. C. § 5901 § Â
        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 § Â
        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 § Â
        5903. Commencement of delinquency proceedings.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5903.md)
- [18 Del. C. § 5904 § Â
        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 § Â
        5904A. Proceedings against bank insurance division.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5904A.md)
- [18 Del. C. § 5905 § Â
        5905. Grounds for rehabilitation; domestic insurers.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5905.md)
- [18 Del. C. § 5906 § Â
        5906. Grounds for liquidation.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5906.md)
- [18 Del. C. § 5907 § Â
        5907. Grounds for conservation; foreign insurers.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5907.md)
- [18 Del. C. § 5908 § Â
        5908. Grounds for conservation — Alien insurers.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5908.md)
- [18 Del. C. § 5909 § Â
        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 § Â
        5910. Order of rehabilitation; termination.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5910.md)
- [18 Del. C. § 5911 § Â
        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 § Â
        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 § Â
        5913. Conduct of delinquent proceedings against domestic and alien insurers.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5913.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DE_T18_C59_SI_S5908. Check the current official text before relying on it. Not legal advice.