Delaware § 3805 General surplus; special contingent surplus

Delaware Statutes

§ 3805 — General surplus; special contingent surplus

Delaware·Title 18·Part Insurance·Ch. 38 DENTAL PLAN ORGANIZATION ACT

(a)The Commissioner may determine, at his or her discretion, the amount of a general surplus, if any, that the dental plan organization shall be required to maintain.

(b)A dental plan organization utilizing in the aggregate the services of more than 10 full-time equivalent dentists shall accumulate and maintain a special contingent surplus in excess of its assets over liabilities the rate of 2 percent annually of its net contract and certificate income until the surplus totals $50,000.

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

(a) The Commissioner may determine, at his or her discretion, the amount of a general surplus, if any, that the dental plan organization shall be required to maintain.

(b) A dental plan organization utilizing in the aggregate the services of more than 10 full-time equivalent dentists shall accumulate and maintain a special contingent surplus in excess of its assets over liabilities the rate of 2 percent annually of its net contract and certificate income until the surplus totals $50,000.

Delaware § 3805 (General surplus; special contingent surplus) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.