Title 18 — Insurance Code
83 chapters · 1,008 sections in this title.
18 Del. C. § 1650. Definitions.
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§ 1650. Definitions. (a) “Accredited state” means a state in which the insurance department or regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established from time to time by the National Association of Insurance Commissioner…
18 Del. C. § 1651. Applicability.
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§ 1651. Applicability. This chapter shall apply to licensed insurers as defined in § 1650 of this title, whether domiciled in this State or domiciled in a state that is not an accredited state having in effect a substantially similar law. All provisions of the Insurance Holding C…
18 Del. C. § 1652. Minimum standards.
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§ 1652. Minimum standards. (a) Applicability of section. — (1) The provisions of this section shall apply if, in any calendar year, the aggregate amount of gross written premium on business placed with a controlled insurer by a controlling producer is equal to or greater than 5 p…
18 Del. C. § 1653. Disclosure.
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§ 1653. Disclosure. The producer, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the producer and the controlled insurer; except that, if the business is placed through a subproducer who is no…
18 Del. C. § 1654. Penalties.
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§ 1654. Penalties. (a) (1) If the Commissioner believes that the controlling producer or any other person has not materially complied with this chapter, or any regulation or order promulgated hereunder, after notice and opportunity to be heard, the Commissioner may order the cont…