Delaware Code Title 18 Sec. 4159 – Surplus lines placement
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Section 1912(c) of this title shall not apply to primary residential flood insurance coverage under an insurance policy issued by an eligible surplus lines insurer unless and until the Commissioner certifies in a bulletin or order that the admitted private flood insurance market is adequate.
Terms Used In Delaware Code Title 18 Sec. 4159
- Commissioner: means the Insurance Commissioner of the State of Delaware. See Delaware Code Title 18 Sec. 4153
- Primary residential flood insurance: means an insurance policy covering losses from flood to residential property, other than commercial property, written in Delaware by any insurer authorized to do business that is not written to apply coverage in excess of the coverage provided under another flood insurance policy, whether issued by a private insurer or the National Flood Insurance Program. See Delaware Code Title 18 Sec. 4153