18 Del. Admin. Code § 201-4.0

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

Section 201-4.0 - Agency Certificate of Authority (Agency License)

4.1 A Delaware Certificate of Authority issued to a sole proprietor, partnership, association, corporation or other business entity shall be referred to as an agency license irrespective of the type of insurance transaction authorized under said license.

4.2 An agency license shall give full authority for the type insurance license defined and described by the appropriate sections of the Delaware Insurance Code, except that all insurance transactions completed in the name of the agency shall be accomplished by an individual registered with this department as to that agency and who has qualified in the same manner as required for an individual license.