(a) The Commissioner, the Commissioner's Deputy, or any examiner, assistant or employee of the Department, shall not be connected with the management of, nor have a material financial interest in, directly or indirectly, any insurer, insurance agency, or broker or insurance transaction, except as policy holder or claimant under a policy; except that as to matters wherein a conflict of interest does not exist on the part of any such individual, the Commissioner may employ or retain from time to time insurance actuaries, examiners, accountants, attorneys or other technicians, who are independently practicing their profession even though from time to time they are similarly employed or retained by insurers or others.
(b) The Commissioner, the Commissioner's Deputy, or any examiner, assistant, employee or technician retained by the Department, shall not be given nor receive, directly or indirectly, any fee, compensation, loan, gift or other thing of value, in addition to the compensation and expense allowance provided by or pursuant to the law of this State, or by contract with the Commissioner, for any service rendered or to be rendered as such Commissioner, Deputy, examiner, assistant, employee, or technician, or in connection therewith.
(c) Subsection (a) of this section shall not be deemed to prohibit receipt by any such person of fully vested commissions or fully vested retirement benefits to which entitled by reason of services performed prior to becoming Commissioner or prior to employment by the Commissioner.
(d) This section shall not be deemed to prohibit appointment and functioning of the Commissioner as process agent of insurers or of nonresident licensees as provided for in this title.
Structure Delaware Code
Chapter 3. THE INSURANCE COMMISSIONER
§ 301. Commissioner; election; term.
§ 305. Office; Insurance Commissioner Regulatory Revolving Fund.
§ 308. Prohibited interest; rewards.
§ 309. Delegation of powers; duties.
§ 310. General powers; duties.
§ 311. Rules and regulations; promulgation; violation.
§ 312. Orders, notices in general.
§ 313. Enforcement through Attorney General.
§ 314. Records; inspection; destruction.
§ 315. Official documents, certified copies; use as evidence.
§ 316. Interstate cooperation.
§ 317. Investigations authorized.
§ 318. Examination of insurers.
§ 319. Examination of agents, promoters and others.
§ 320. Conduct of examination; access to records; correction.
§ 323. Administrative procedures; hearings in general.
§ 326. Witnesses and documentary evidence.
§ 327. Testimony compelled; immunity.
§ 328. Appeal from the Commissioner.
§ 329. Administrative penalty.
§ 330. Immunity from liability.
§ 331. Arbitration of disputes involving homeowners' insurance coverage.
§ 332. Arbitration of disputes involving health insurance coverage.
§ 333. Arbitration of disputes between insurance carriers and health-care providers.