18 Del. Admin. Code § 201-3.0

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

Section 201-3.0 - Exceptions

3.1 Agents who work for and place all business through a single insurance company or group may advertise and trade as the "agency" of that insurer without an agency Certificate of Authority provided:

3.1.1 Each individual holds a personal Certificate of Authority as an agent.

3.1.2 All business is placed through the sponsoring insurance company.

3.2 Insurers may use unlicensed adjuster firm in the event of a catastrophic loss (18 Del.C. § 1708).

3.3 Agencies which previously held a Delaware Insurance Certificate of Authority may be paid commissions or other considerations on business transactions which occurred prior to the expiration or termination of a Certificate of Authority.

3.4 Corporations or firms which enroll employees in group life and/or group health plans where no commission or other consideration is paid are not required to obtain a Certificate of Authority.

18 Del. Admin. Code § 201-3.0