(a) No service company or its employees, officers or directors shall be an employee, officer or director of, or have either a direct or indirect financial interest in, an administrator. No administrator or its employees, officer or directors shall be an employee, officer or director of, or have either a direct or indirect financial interest in, a service company.
(b) The service contract shall state that, unless the Commissioner permits otherwise, the service company shall handle, to their conclusion, all claims and other obligations incurred during the contract period.
Structure Delaware Code
Chapter 4. Workers’ Compensation Self-insurance Groups
§ 403. Authority to act as a workers' compensation self-insurance group.
§ 405. Certificate of authority; termination.
§ 407. Board of trustees; membership, powers, duties and prohibitions.
§ 408. Group membership; termination; liability.
§ 411. Financial statements and other reports.
§ 414. Misrepresentation prohibited.
§ 416. Rates and reporting of rates.
§ 418. Premium payment; reserves.
§ 419. Deficits and insolvencies.
§ 422. Cease and desist orders.