Delaware Code § 18-2523

Joint underwriters; joint reinsurers
Open in Lexace · Ask the AI about this section
(a) Every group, association or other organization of insurers which engages in joint underwriting or joint reinsurance shall be subject
to regulation with respect thereto as herein provided, subject, however, with respect to joint underwriting, to all other provisions of law,
and with respect to joint reinsurance, to § 2524 (examinations) of this title.
(b) If, after a hearing, the Commissioner finds that any activity or practice of any such group, association or other organization is unfair
or unreasonable or otherwise inconsistent with the provisions of this chapter, he or she may issue a written order specifying in what
respects such activity or practice is unfair or unreasonable or otherwise inconsistent with the provisions of this chapter and requiring the
discontinuance of such activity or practice.

‹ Prev All Delaware sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.