18 Del. Admin. Code § 2101-2.0
Current through Register Vol. 28, No. 5, November 1, 2024
Section 2101-2.0 - Purpose2.1 This Regulation is designed to enumerate the various risks and coverages which may properly be classified or identified under 18 Del.C. § 907, ..."Marine and transportation,' 'wet marine,' insurance defined." This Regulation is to be read in conjunction with 18 Del.C. § 907, and the definition included herein should not be construed as meaning that the listed risks and coverages are solely marine transportation in all instances. Certain insurance coverages may come within definitions of two or more kinds of insurance (as set forth in 18 Del.C. Ch. 9) and the inclusion of such coverage within one definition does not exclude it as to any other kind of insurance within which such coverage is reasonably includable. 18 Del.C. § 901.2.2 The definition utilized is essentially the 1976 Revised Nation-Wide Marine Definition as adopted by the National Association of Insurance Commissioners.2.3 The use of the definition provides more specificity to insurance companies as to those risks and coverages subject to rate filing under 18 Del.C. § 2502(a)(3).18 Del. Admin. Code § 2101-2.0