Insurance Rehabilitations & Liquidations
Overview
Chapter 59 of Title 18 of the Delaware Code authorizes the Insurance Commissioner of the State of Delaware to apply to the Court of Chancery of the State of Delaware for an order directing the Commissioner to rehabilitate or liquidate a Delaware-domiciled insurance company.
Team
Experience
In insolvency situations, Bayard’s representations include:
- The Receiver, in the Consumer United Insurance Company Liquidation
- Managing General Agent, in the rehabilitation and subsequent liquidation of IICRRG
- Bank, in the rehabilitation and subsequent liquidation of IICRRG
- Multiple fronting insurers, in the rehabilitation and subsequent liquidation of Ullico Casualty Company
- Insurers in the rehabilitation and subsequent liquidation of Freestone Insurance Company
- Certain directors in the liquidation of United Contractors Insurance Company, Inc., RRG