§ 7716. Remedies of codebtor or cosurety.
§ 7716. Remedies of codebtor or cosurety. (a) Whenever 1 or more of several codebtors or cosureties for the payment of a debt shall pay or shall have paid to the creditor or creditors the sum due, including the costs, if any, that may have been incurred by them, the person or persons so paying, […]
§ 8303. Definitions [For applicability of this section, see 81 Del. Laws, c. 108, § 3].
§ 8303. Definitions [For applicability of this section, see 81 Del. Laws, c. 108, § 3]. As used in this chapter: (1) “Adverse action” means a denial or cancellation of, an increase in any charge for, or a reduction or other adverse or unfavorable change in the terms of coverage or amount of, any insurance, […]
§ 7717. Entry of satisfaction of judgment.
§ 7717. Entry of satisfaction of judgment. (a) Upon the payment of any judgment under and according to the provisions of this chapter, the right or power of the creditor or plaintiff therein to enter satisfaction upon the record of such judgment shall eo instanti, cease and determine, and this whether the transfer of such […]
§ 8003. Risk retention groups chartered in this State.
§ 8003. Risk retention groups chartered in this State. (a) A risk retention group shall, pursuant to this chapter, be chartered and licensed to write only liability insurance pursuant to this chapter and, except as provided elsewhere in this chapter, must comply with all of the laws, rules, regulations and requirements applicable to such insurers […]
§ 8004. Risk retention groups not chartered in this State.
§ 8004. Risk retention groups not chartered in this State. Risk retention groups chartered and licensed in states other than this State and seeking to do business as a risk retention group in this State shall comply with the laws of this State as follows: (1) Notice of operations and designation of Commissioner as agent. […]
§ 8005. Compulsory associations.
§ 8005. Compulsory associations. (a) No risk retention group shall be required or permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this State, nor shall any risk retention group, or its insureds or claimants against its insureds, receive any benefit from any such fund for claims arising […]
§ 8006. Countersignatures not required.
§ 8006. Countersignatures not required. A policy of insurance issued to a risk retention group or any member of that group shall not be required to be countersigned as otherwise provided in Chapter 17 of this title. 68 Del. Laws, c. 57, § 1;
§ 8007. Purchasing groups — Exemption from certain laws.
§ 8007. Purchasing groups — Exemption from certain laws. A purchasing group and its insurer or insurers shall be subject to all applicable laws of this State, except that a purchasing group and its insurer or insurers shall be exempt, in regard to liability insurance for the purchasing group, from any law that would: (1) […]
§ 8008. Notice and registration requirements of purchasing groups.
§ 8008. Notice and registration requirements of purchasing groups. (a) A purchasing group which intends to do business in this State shall, prior to doing business, furnish notice to the Commissioner which shall: (1) Identify the state in which the group is domiciled; (2) Identify all other states in which the group intends to do […]
§ 8009. Restrictions on insurance purchased by purchasing groups.
§ 8009. Restrictions on insurance purchased by purchasing groups. (a) A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not admitted in the state in which the purchasing group is located, unless the purchase is effected through a licensed agent or […]