Delaware § 4216 Recognition of assessments in rates

Delaware Statutes

§ 4216 — Recognition of assessments in rates

Delaware·Title 18·Part Insurance·Ch. 42 DELAWARE INSURANCE GUARANTY ASSOCIATION ACT

The rates and premiums charged for insurance policies to which this chapter applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the Association by the member insurer less any amounts returned to the member insurer by the Association, and such rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.

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The rates and premiums charged for insurance policies to which this chapter applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the Association by the member insurer less any amounts returned to the member insurer by the Association, and such rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.

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