PocketLaw | Delaware Code | Authorization of Insurers and General

Authorization of Insurers and General Requirements

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“Stock insurer” defined.

“Mutual” insurer defined.

“Reciprocal” insurer defined.

“Charter” defined.

Certificate of authority required.

Exceptions to certificate of authority requirement.

General eligibility for certificate of authority.

Ownership; management.

Name of insurer.

Combinations of insuring powers.

Capital funds required.

Insuring combinations without additional capital funds.

Deposit requirements — In general.

Deposit requirements — Alien insurers.

Application for certificate of authority.

Issuance, refusal of authority; ownership of certificate.

Authority conferred; surety insurers; certificate as evidence.

Continuance, expiration, reinstatement of certificate of authority.

Suspension or revocation of certificate of authority — Mandatory grounds.

Suspension or revocation of certificate of authority — Discretionary and special grounds.

Order and notice of suspension, revocation; effect upon agents' authority.

Duration of suspension; insurer's obligations during suspension period; reinstatement.

General corporation laws inapplicable to foreign insurers.

Commissioner as process agent for certain insurers.

Serving process.

Annual statement and other required filings.

Supplement to annual statement [Repealed].

Section
527, 528

Resident agent, countersignature law; exceptions to resident agent, countersignature law.

Cancellation of insurance agency contracts; arbitration.

Emergency requirements.

Emergency powers to regulate liability insurance cancellations and nonrenewals.

Retaliatory provision.

Immunity from liability for reporting fraudulent practices.

Location of headquarters.

Nondisclosure of nonpublic personal information; adoption of regulations.

“Funding agreement” defined.