Delaware Statutes
§ 4202 — Purpose
This chapter shall provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and to avoid financial loss to claimants or policyholders because of the insolvency of an insurer, to assist in the detection and prevention of insurer insolvencies and to provide an association to assess the cost of such protection among insurers.
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Legislative History
18 Del. C. 1953, § 4202; 57 Del. Laws, c. 437.
Nearby Sections
15
§ 420
Guaranty mechanism§ 4201
Title§ 4202
Purpose§ 4203
Scope§ 4204
Construction§ 4205
Definitions§ 4207
Board of Directors§ 4209
Plan of operation§ 421
Monetary penalties§ 4211
Effect of paid claims