Delaware § 1918 Surplus line insurance valid

Delaware Statutes

§ 1918 — Surplus line insurance valid

Delaware·Title 18·Part Insurance·Ch. 19 DELAWARE NONADMITTED INSURANCE ACT·Subch. Surplus Lines Insurance

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.

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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.

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