Del. Code tit. 18 § 5721

Current through 2024 Legislative Session Act Chapter 531
Section 5721 - Time limit for assessments

Every subscriber of a domestic reciprocal insurer having contingent liability shall be liable for and shall pay his/her share of any assessment, as computed and limited in accordance with this chapter, if:

(1) While his/her policy is in force or within 1 year after its termination, he/she is notified by either the attorney or the Commissioner of his/her intentions to levy such assessment, or
(2) An order to show cause why a receiver, conservator, rehabilitator or liquidator of the insurer should not be appointed is issued while his/her policy is in force or within 1 year after its termination.

18 Del. C. § 5721

18 Del. C. 1953, § 5721; 56 Del. Laws, c. 380, § 1; 70 Del. Laws, c. 186, § 1.;