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Delaware Code

49

Del. Code Ann. tit. 18, ch. 49

Organization and Corporate Powers; Procedures of Domestic Stock and Mutual Insurers

4901Scope of chapter 4902“Stock,” “mutual” insurer, definitions 4903General corporation statutes; applicability 4904Insurance business exclusive 4905Mutual insurers — Initial qualifications 4906Mutual insurers — Permit; deposit 4907Mutual insurers — Qualifying applications for insurance 4908Mutual insurers — Trust deposit of qualifying premiums; issuance of policies 4909Mutual insurers — Failure to qualify 4910Mutual insurers — Additional kinds of insurance 4911Membership in mutual 4912Bylaws of mutual insurer 4913Minutes of corporate meetings of mutual insurers 4914Contingent liability of mutual members 4915Levy of contingent liability 4916Enforcement of contingent liability 4917Nonassessable policies, mutual insurers; revocation of authority 4918Information to stockholders and proxy regulations 4919Change of directors, officers; notice 4920Prohibited pecuniary interest of officials 4921Management and exclusive agency contracts 4922Dividends to stockholders 4923Participating policies 4924Dividends to policyholders 4925Solicitation of business; issuance of policies in other jurisdictions 4926Payment of taxes; exoneration 4927Impairment of capital or assets 4928Mutualization of stock insurer 4929Conversion to ordinary business corporation 4930Merger, consolidation of stock insurers 4931Affiliation of stock insurers 4932Acquisition of controlling stock 4933Converting mutual insurer 4934Merger, consolidation — Allowable circumstances; “surviving insurer” defined 4935Merger, consolidation of mutual insurers — Approval of merger; consolidation agreement by boards of directors 4936Merger, consolidation of mutual insurers — Effectuation; disapproval by Commissioner 4937Merger, consolidation of mutual insurers — Approval by members 4938Merger, consolidation of mutual insurers — Impaired mutuals 4939Merger, consolidation of mutual insurers — Articles of merger, consolidation, mutual insurers 4940Merger, consolidation of mutual insurers — Filing of articles of merger or consolidation; payment of fees; approval by Secretary of State 4941Merger, consolidation of mutual insurers — Issuance of certificate of merger or consolidation; effective date 4942Merger, consolidation of mutual insurers — Effect of merger or consolidation 4943Preservation of old charter in merger or consolidation 4944Bulk reinsurance 4945Mutual member’s share of assets on liquidation 4946Redomestication; approval as domestic insurer; conversion to foreign insurer; rules and regulations