Insurance contracts procured as surplus lines coverage from nonadmitted insurers in accordance with this law, whether so procured by a surplus lines broker or directly by the insured by means of independent procurement, shall be fully valid and enforceable as to all parties, and shall be given recognition in all matters and respects to the same effect as like contracts issued by authorized insurers.

18 Del. C. 1953, § ?1910; 56 Del. Laws, c. 380, § ?1; 78 Del. Laws, c. 176, § ?2;

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Terms Used In Delaware Code Title 18 Sec. 1918

  • broker: as used in this chapter and unless context otherwise requires, means a surplus lines broker duly licensed as such under this chapter. See Delaware Code Title 18 Sec. 1904