§ 4156 — Duties of insurer to provide regulatory notice of intent to transact residential primary flood insurance

Delaware § 4156

• Jurisdiction: Delaware
• Title: 18
• Part: Insurance
• Ch. 41: PROPERTY INSURANCE CONTRACTS
• Subch.: Private Primary Residential Flood Insurance Model Act

Text

Authorized insurers intending to sell primary residential flood insurance products in Delaware must do all of the following:

(1) Notify the Department of its plans at least 30 days before making a form or rate filing relating to such flood insurance in Delaware.

(2) File a plan of operation and financial projections or material revisions to such plan.

Legislative History

83 Del. Laws, c. 530, § 1