18 Del. Admin. Code § 201-2.0

Current through Register Vol. 28, No. 5, November 1, 2024

Section 201-2.0 - Requirement

2.1 A Delaware Insurance Certificate of Authority (license) is required of any firm, corporation, partnership, association, or other business entity which conducts insurance transactions in the State of Delaware or which places insurance coverage on real or personal property located in this State provided one or more of the following conditions exist:

2.1.1 If commissions, including override commissions or assignments, are paid to the firm or agency;

2.1.2 If the firm or agency is the producer of record;

2.1.3 If policies or related papers issued to the insured contain instructions to contact the firm or agency for insurance service;

2.1.4 If insurance business is transacted or solicited under a trade name. (See definition; 18 Del.C. § 103)

18 Del. Admin. Code § 201-2.0