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84 chapters · 1,726 sections in this title.
18 Del. C. § 501. “Stock insurer” defined.
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§ 501. “Stock insurer” defined. A “stock insurer” is an incorporated insurer with its capital divided into shares and owned by its stockholders. Unless otherwise provided, the insurance department or division of a corporation established under Chapter 7 of Title 5 (but not the co…
18 Del. C. § 502. “Mutual” insurer defined.
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§ 502. “Mutual” insurer defined. A “mutual” insurer is an incorporated insurer without capital stock and the governing body of which is elected by its policyholders. This definition shall not be deemed to exclude as “mutual” insurers certain foreign insurers found by the Commissi…
18 Del. C. § 503. “Reciprocal” insurer defined.
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§ 503. “Reciprocal” insurer defined. A “reciprocal” insurer is an unincorporated aggregation of subscribers operating individually and collectively through an attorney-in-fact common to all such persons to provide reciprocal insurance among themselves.18 Del. C. 1953, § 503; 56 D…
18 Del. C. § 504. “Charter” defined.
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§ 504. “Charter” defined. “Charter” means certificate of incorporation, articles of incorporation, articles of agreement, articles of association, charter granted by legislative act or other basic constituent document of a corporation or the power of attorney of the attorney-in-f…