Delaware § 6503 Forms of coverage

Delaware Statutes

§ 6503 — Forms of coverage

Delaware·Title 18·Part Insurance·Ch. 65 INSURANCE FOR THE PROTECTION OF THE STATE·Subch. General Provisions

The Committee shall:

(1)Protect this State from loss to state-owned property;

(2)Protect the public from wrongful actions of state officials and employees and failure or malfunction of state-owned property;

(3)Secure for this State the maximum economic advantage feasible in the operation of its insurance coverage program, including, when deemed appropriate to such end, the utilization of blanket policies, deductible or excess loss insurance, and self-insurance;

(4)Determine such insurance protection as shall be required by the needs of the State and as shall be most economically advantageous to the State by providing for, as they shall deem appropriate, no insurance on small losses, coverage by commercial insurance, coverage by self-insurance or a combination of such methods.

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

The Committee shall:

(1) Protect this State from loss to state-owned property;

(2) Protect the public from wrongful actions of state officials and employees and failure or malfunction of state-owned property;

(3) Secure for this State the maximum economic advantage feasible in the operation of its insurance coverage program, including, when deemed appropriate to such end, the utilization of blanket policies, deductible or excess loss insurance, and self-insurance;

(4) Determine such insurance protection as shall be required by the needs of the State and as shall be most economically advantageous to the State by providing for, as they shall deem appropriate, no insurance on small losses, coverage by commercial insurance, coverage by self-insurance or a combination of such methods.

Delaware § 6503 (Forms of coverage) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.