Title 18 — Insurance Code
83 chapters · 1,008 sections in this title.
18 Del. C. § 2050. Short title.
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§ 2050. Short title. This chapter shall be known as the “Portable Electronic Device Insurance Producer Limited License Act”.78 Del. Laws, c. 359, § 5;
18 Del. C. § 2051. Definitions.
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§ 2051. Definitions. As used in this chapter: (1) “Customer” means a person who purchases portable electronics or services. (2) “Enrolled customer” means a customer who elects coverage under a portable electronics insurance policy issued to a vendor of portable electronics. (3) “…
18 Del. C. § 2052. Licensure of vendors.
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§ 2052. Licensure of vendors. (a) A vendor is required to hold a limited lines license to sell or offer coverage under a policy of portable electronics insurance. (b) A limited lines license issued under this section shall authorize any employee or authorized representative of th…
18 Del. C. § 2053. Requirements for sale of portable electronics insurance.
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§ 2053. Requirements for sale of portable electronics insurance. (a) At every location where portable electronics insurance is offered to customers, brochures or other written materials must be made available to a prospective customer which: (1) Disclose that portable electronics…
18 Del. C. § 2054. Authority of vendors of portable electronics.
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§ 2054. Authority of vendors of portable electronics. (a) The employees and authorized representatives of vendors may sell or offer portable electronics insurance to customers and shall not be subject to licensure as an insurance producer under this chapter provided that: (1) The…
18 Del. C. § 2055. Suspension or revocation of license.
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§ 2055. Suspension or revocation of license. If a vendor of portable electronics or its employee or authorized representative violates any provision of this section, the Commissioner may do any of the following: (1) After notice and hearing, impose fines not to exceed $500 per vi…
18 Del. C. § 2056. Termination of portable electronics insurance.
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§ 2056. Termination of portable electronics insurance. Notwithstanding any other provision of law: (1) An insurer may terminate or otherwise change the terms and conditions of a policy of portable electronics insurance only upon providing the policyholder and enrolled customers w…
18 Del. C. § 2057. Application for license and fees.
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§ 2057. Application for license and fees. (a) A person applying for a license under this chapter shall make application to the Insurance Commissioner on forms prescribed by the Commissioner and declare under penalty of refusal, suspension or revocation of the license that the sta…