(a) Two or more authorized insurers may jointly issue, and shall be jointly and severally liable on, an underwriters' policy bearing their names. Any 1 insurer may issue policies in the name of an underwriter's department and such policy shall plainly show the true name of the insurer.
(b) Two or more insurers may, with the approval of the Commissioner, issue a combination policy which shall contain provisions substantially as follows:
(1) That the insurers executing the policy shall be severally liable for the full amount of any loss or damage, according to the terms of the policy, or for specified percentages or amounts thereof, aggregating the full amount of insurance under the policy; and
(2) That service of process, or of any notice or proof of loss required by such policy, upon any of the insurers executing the policy shall constitute service upon all such insurers.
(c) This section shall not apply to cosurety obligations.
Structure Delaware Code
Chapter 27. THE INSURANCE CONTRACT
Subchapter I. Insurance Contracts Generally
§ 2704. Insurable interest; personal insurance.
§ 2705. Insurable interest; exception when certain institutions designated beneficiary.
§ 2706. Insurable interest; property.
§ 2707. Power to contract; purchase of insurance and annuities by minors.
§ 2708. Consent of insured; life, health insurance.
§ 2709. Alteration of application, life and health insurance.
§ 2710. Application as evidence.
§ 2711. Representations in applications.
§ 2712. Filing, approval of forms.
§ 2713. Grounds for disapproval.
§ 2715. Charter or bylaw provisions.
§ 2716. Execution of policies.
§ 2717. Underwriters' and combination policies.
§ 2718. Validity and construction of noncomplying forms.
§ 2721. Payment discharges insurer.
§ 2722. Forms for proof of loss to be furnished.
§ 2723. Minor may give acquittance.
§ 2724. Claims administration not waiver.
§ 2726. Exemption of proceeds, health insurance.
§ 2727. Exemption of proceeds—Group insurance.
§ 2729. Retention of proceeds of policy by company.
§ 2730. Collection of overpayments by health insurers and health plans.