Delaware Administrative Code
Title 18 - Insurance
2000 - Premium Finance Companies
2001 - Insurance Premium Finance Companies
Section 2001-6.0 - Changes in Condition
Universal Citation: 18 DE Admin Code 2001-6.0
Current through Register Vol. 28, No. 3, September 1, 2024
6.1 If any licensee or any person who is a partner of a licensee or who is an officer, director, or 10% stockholder of a licensee shall be:
6.1.1 Arrested or indicted for or convicted of any crime (other than a misdemeanor resulting from the operation of a motor vehicle); or
6.1.2 Refused a license or suffers a revocation or suspension of a license as an insurance premium finance company or an insurance agent or agency in any other jurisdiction; or
6.1.3 Be declared bankrupt or otherwise seek the protection of the National Bankruptcy Act or make an assignment for the benefit of creditors;
6.1.4 The Commissioner shall, within ten (10) days after the event, be advised of the facts in detail by letter.
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