Delaware Code Title 18 Sec. 1935 – Requirements for eligible surplus lines insurers
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(a) An eligible surplus lines insurer shall furnish at least annually to the Commissioner an annual financial statement in a form acceptable to the Commissioner.
Terms Used In Delaware Code Title 18 Sec. 1935
- surplus lines insurance: means insurance procured by a surplus lines licensee from a surplus lines insurer or other nonadmitted insurer as permitted under the law of the home state; for purposes of this chapter "surplus lines insurance" shall also mean excess lines insurance as may be defined by applicable state law. See Delaware Code Title 18 Sec. 1904
- surplus lines insurer: means a nonadmitted insurer eligible under the law of the home state to accept business from a surplus lines licensee; for purposes of this chapter "surplus lines insurer" shall also mean an insurer that is permitted to write surplus lines insurance under the laws of the state where such insurer is domiciled. See Delaware Code Title 18 Sec. 1904
(b) An eligible surplus lines insurer shall pay annual fees pursuant to § 701 of this title.
(c) The requirements for rate and form filing contained in this title shall not apply to surplus lines insurance.
18 Del. C. 1953, § ?1907; 56 Del. Laws, c. 380, § ?1; 57 Del. Laws, c. 351; 70 Del. Laws, c. 186, § ?1; 78 Del. Laws, c. 176, § ?4;