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84 chapters · 1,726 sections in this title.
18 Del. C. § 5701. “Reciprocal” insurance defined.
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§ 5701. “Reciprocal” insurance defined. “Reciprocal” insurance is that resulting from an interchange among persons, known as subscribers, of reciprocal agreements of indemnity, the interchange being effectuated through an attorney-in-fact common to all such persons.18 Del. C. 195…
18 Del. C. § 5702. Scope of chapter; existing insurers.
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§ 5702. Scope of chapter; existing insurers. (a) All authorized reciprocal insurers shall be governed by those sections of this chapter not expressly made applicable to domestic reciprocals. (b) Existing authorized reciprocal insurers shall, after November 1, 1968, comply with th…
18 Del. C. § 5703. Insuring powers of reciprocals.
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§ 5703. Insuring powers of reciprocals. (a) A reciprocal insurer may, upon qualifying therefor as provided for by this title, transact any kind or kinds of insurance defined by this title, other than life or title insurances. (b) Such an insurer may purchase reinsurance upon the …
18 Del. C. § 5704. Name; suits.
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§ 5704. Name; suits. A reciprocal insurer shall: (1) Have and use a business name. The name shall include the word “reciprocal” or “interinsurer” or “interinsurance” or “exchange” or “underwriters” or “underwriting” or “association.” (2) Sue and be sued in its own name.18 Del. C.…