Delaware § 1902 Home state regulation of nonadmitted insurance

Delaware Statutes

§ 1902 — Home state regulation of nonadmitted insurance

Delaware·Title 18·Part Insurance·Ch. 19 DELAWARE NONADMITTED INSURANCE ACT·Subch. Compliance with Federal Statutes

(a)The placement of nonadmitted insurance business shall be subject to the statutory and regulatory requirements solely of the insured’s home state as defined in this chapter.

(b)This section may not be construed to preempt any law, rule, or regulation that restricts the placement of workers’ compensation insurance or excess insurance for self-funded workers’ compensation plans with a nonadmitted insurer.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) The placement of nonadmitted insurance business shall be subject to the statutory and regulatory requirements solely of the insured’s home state as defined in this chapter.

(b) This section may not be construed to preempt any law, rule, or regulation that restricts the placement of workers’ compensation insurance or excess insurance for self-funded workers’ compensation plans with a nonadmitted insurer.

Delaware § 1902 (Home state regulation of nonadmitted insurance) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.