Delaware Statutes

§ 524 — Commissioner as process agent for certain insurers

Delaware·Title 18·Part Insurance·Ch. 5 AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
(a)Before the Commissioner shall authorize it to transact insurance in this State, each insurer shall appoint the Commissioner, and his or her successors in office, as its attorney to receive service of legal process issued against the insurer in this State. The appointment shall be made on a form as designated and furnished by the Commissioner, and shall be accompanied by a copy of a resolution of the board of directors or like governing body of the insurer, if an incorporated insurer, showing that those officers who executed the appointment were duly authorized to do so on behalf of the insurer.
(b)The appointment shall be irrevocable, shall bind the insurer and any successor in interest or to the assets or liabilities of the insurer, and shall remain in effect as long as there is in

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Legislative History

18 Del. C. 1953, § 524; 56 Del. Laws, c. 380, § 1 ; 70 Del. Laws, c. 186, § 1

Nearby Sections

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