Delaware § 1511 - Deficiency of deposit.
Full text of Delaware Delaware Code § 1511 — Deficiency of deposit., with citation guidance and answers to common questions.
§ 1511. Deficiency of deposit.
If for any reason the market value of assets of an insurer held on deposit in this State as required under this title falls below the required amount, the insurer shall promptly deposit other or additional assets eligible for deposit sufficient to cure the deficiency. If the insurer has failed to cure the deficiency within 20 days after receipt of notice thereof by registered mail from the Commissioner, the Commissioner shall forthwith revoke the insurer’s certificate of authority.
18 Del. C. 1953, § 1512; 56 Del. Laws, c. 380, § 1;Source: official Delaware text · Last verified 2026-08-27
Frequently Asked Questions About Delaware § 1511
What does Delaware Code § 1511 cover?
Section 1511 ("Deficiency of deposit.") is part of the Delaware Code, the codified statutory law of Delaware. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Delaware § 1511?
A common citation format is "Delaware Code § 1511" (Delaware). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Delaware law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Delaware official source linked on this page or consult a licensed Delaware attorney.
How does Delaware § 1511 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Delaware can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Delaware.