Delaware § 4938 - Merger, consolidation of mutual insurers — Impaired mutuals.
Full text of Delaware Delaware Code § 4938 — Merger, consolidation of mutual insurers — Impaired mutuals., with citation guidance and answers to common questions.
§ 4938. Merger, consolidation of mutual insurers — Impaired mutuals.
If a domestic mutual insurer is then impaired, that is, if the insurer’s surplus is less than the amount thereof required under this title for authority to transact the kinds of insurance being transacted by the insurer, the Commissioner may approve the agreement of merger or consolidation without a hearing thereon, and the same may be effectuated without approval of the insurer’s members.
18 Del. C. 1953, § 4938; 56 Del. Laws, c. 380, § 1;Source: official Delaware text · Last verified 2026-08-27
Frequently Asked Questions About Delaware § 4938
What does Delaware Code § 4938 cover?
Section 4938 ("Merger, consolidation of mutual insurers — Impaired mutuals.") 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 § 4938?
A common citation format is "Delaware Code § 4938" (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 § 4938 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.