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Delaware Code

5

Del. Code Ann. tit. 18, ch. 5

Authorization of Insurers and General Requirements

501“Stock insurer” defined 502“Mutual” insurer defined 503“Reciprocal” insurer defined 504“Charter” defined 505Certificate of authority required 506Exceptions to certificate of authority requirement 507General eligibility for certificate of authority 508Ownership; management 509Name of insurer 510Combinations of insuring powers 511Capital funds required 512Insuring combinations without additional capital funds 513Deposit requirements — In general 514Deposit requirements — Alien insurers 515Application for certificate of authority 516Issuance, refusal of authority; ownership of certificate 517Authority conferred; surety insurers; certificate as evidence 518Continuance, expiration, reinstatement of certificate of authority 519Suspension or revocation of certificate of authority — Mandatory grounds 520Suspension or revocation of certificate of authority — Discretionary and special grounds 521Order and notice of suspension, revocation; effect upon agents’ authority 522Duration of suspension; insurer’s obligations during suspension period; reinstatement 523General corporation laws inapplicable to foreign insurers 524Commissioner as process agent for certain insurers 525Serving process 526Annual statement and other required filings 526ASupplement to annual statement [Repealed]527, 528Resident agent, countersignature law; exceptions to resident agent, countersignature law 529Cancellation of insurance agency contracts; arbitration 530Emergency requirements 531Emergency powers to regulate liability insurance cancellations and nonrenewals 532Retaliatory provision 533Immunity from liability for reporting fraudulent practices 534Location of headquarters 535Nondisclosure of nonpublic personal information; adoption of regulations 536“Funding agreement” defined