18 Del. Admin. Code § 204-4.0

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

Section 204-4.0 - Separation of bank or trust company and its insurance operation

4.1 Where a person issuing policies of insurance has obtained the name of an actual or potential borrower from a bank or trust company engaging in any activity authorized by 5 Del.C. § 761(a)(14), and such borrower applies to such person for insurance, such person shall make the following disclosure at the time of such borrower's application or as soon thereafter as possible:

4.2 "Your Right to Look to a Delaware Bank or Trust Company for Payment on Any Insurance Policy is Limited By Law" .

4.2.1 Delaware banks and trust companies are NOT liable for any insurance policies issued by their subsidiaries or divisions."

18 Del. Admin. Code § 204-4.0