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Del. Code tit. 18, §§ 4928 through 4943: Organization and Corporate Powers; Procedures of Domestic Stock and Mutual Insurers – Delaware
Status: EnactedYear Enacted: 1968
Year Amended: 1995
File: Download
Statutes govern the mergers, consolidations and acquisitions of domestic stock insurers and mutual insurers and require a plan and agreement to be filed with the Commissioner which must be approved in writing by the Commissioner. The statutes state that the Commissioner shall give approval within a reasonable time after filing unless the Commissioner finds that the agreement would materially tend to lessen competition in the insurance business or would materially tend to create a monopoly as to such business.
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