Title 18 — Insurance Code
83 chapters · 1,008 sections in this title.
18 Del. C. § 8001. Purpose.
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§ 8001. Purpose. The purpose of this chapter is to regulate the formation and/or operation of risk retention groups and purchasing groups in this State formed pursuant to the provisions of the federal Liability Risk Retention Act of 1986 (“RRA 1986”) [15 U.S.C. § 3901 et seq.], t…
18 Del. C. § 8002. Definitions.
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§ 8002. Definitions. As used in this chapter: (1) “Commissioner” means the Insurance Commissioner of Delaware or the commissioner, director or superintendent of insurance in any other state; (2) “Completed operations liability” means liability arising out of the installation, mai…
18 Del. C. § 8003. Risk retention groups chartered in this State.
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§ 8003. Risk retention groups chartered in this State. (a) A risk retention group shall, pursuant to this chapter, be chartered and licensed to write only liability insurance pursuant to this chapter and, except as provided elsewhere in this chapter, must comply with all of the l…
18 Del. C. § 8004. Risk retention groups not chartered in this State.
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§ 8004. Risk retention groups not chartered in this State. Risk retention groups chartered and licensed in states other than this State and seeking to do business as a risk retention group in this State shall comply with the laws of this State as follows: (1) Notice of operations…
18 Del. C. § 8005. Compulsory associations.
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§ 8005. Compulsory associations. (a) No risk retention group shall be required or permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this State, nor shall any risk retention group, or its insureds or claimants against i…
18 Del. C. § 8006. Countersignatures not required.
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§ 8006. Countersignatures not required. A policy of insurance issued to a risk retention group or any member of that group shall not be required to be countersigned as otherwise provided in Chapter 17 of this title.68 Del. Laws, c. 57, § 1;
18 Del. C. § 8007. Purchasing groups — Exemption from certain laws.
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§ 8007. Purchasing groups — Exemption from certain laws. A purchasing group and its insurer or insurers shall be subject to all applicable laws of this State, except that a purchasing group and its insurer or insurers shall be exempt, in regard to liability insurance for the purc…
18 Del. C. § 8008. Notice and registration requirements of purchasing groups.
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§ 8008. Notice and registration requirements of purchasing groups. (a) A purchasing group which intends to do business in this State shall, prior to doing business, furnish notice to the Commissioner which shall: (1) Identify the state in which the group is domiciled; (2) Identif…
18 Del. C. § 8009. Restrictions on insurance purchased by purchasing groups.
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§ 8009. Restrictions on insurance purchased by purchasing groups. (a) A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not admitted in the state in which the purchasing group is located, unless the purch…
18 Del. C. § 8010. Purchasing group taxation.
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§ 8010. Purchasing group taxation. Premium taxes and taxes on premiums paid for coverage of risks resident or located in this State by a purchasing group or any members of the purchasing groups shall be: (1) Imposed at the same rate and subject to the same interest, fines and pen…
18 Del. C. § 8011. Administrative and procedural authority regarding risk retention groups and purchasing groups.
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§ 8011. Administrative and procedural authority regarding risk retention groups and purchasing groups. The Commissioner is authorized to make use of any of the powers established under the Insurance Code of this State to enforce the laws of this State not specifically preempted b…
18 Del. C. § 8012. Duty of agents or brokers to obtain license.
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§ 8012. Duty of agents or brokers to obtain license. (a) No person, firm, association or corporation shall act or aid in any manner in soliciting, negotiating or procuring liability insurance in this State from a risk retention group unless such person, firm, association or corpo…
18 Del. C. § 8013. Binding effect of orders issued in United States District Court.
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§ 8013. Binding effect of orders issued in United States District Court. An order issued by any District Court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating in any state (or in all states or in any territory or possession…
18 Del. C. § 8014. Rules and regulations.
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§ 8014. Rules and regulations. The Commissioner may establish and from time to time amend such rules relating to risk retention groups as may be necessary or desirable to carry out the provisions of this chapter.68 Del. Laws, c. 57, § 1;