™Your Policy Risk Impact Agent
84 chapters · 1,726 sections in this title.
18 Del. C. § 560. Definitions.
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§ 560. Definitions. As used in this part. (1) “Non-U.S. insurer” means an insurer or reinsurer organized under the laws of a foreign country. (2) “United States branch” or “U.S. branch” means the business unit through which business is transacted within the United States by a non…
18 Del. C. § 561. Scope.
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§ 561. Scope. This chapter applies to a U.S. branch using this State as a state of entry to transact insurance in the United States. The U.S. branch shall also be subject to all state laws applicable to an insurer domiciled in this State with the exception of Chapter 50 of this t…
18 Del. C. § 562. Authorization of entry.
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§ 562. Authorization of entry. (a) A non-U.S. insurer may use this State as a state of entry to transact insurance in the United States through a U.S. branch by: (1) Qualifying as an insurer licensed to do business in this State; and (2) Establishing a trust account, pursuant to …
18 Del. C. § 563. Maintenance of trust account.
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§ 563. Maintenance of trust account. The assets in the trust account shall be known as “trusteed assets” and shall at all times be in an amount equal to the U.S. branch’s reserves and other liabilities plus the minimum capital and surplus or authorized control level risk based ca…