Delaware Code
Chapter 5. AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
§ 514. Deposit requirements — Alien insurers.

The Commissioner shall not authorize an alien insurer to transact insurance in this State unless it makes and thereafter continuously maintains on deposit in this State through the Commissioner, or in another state, a surplus of assets in cash or securities eligible for such deposit under the laws of this State or such other state of a value not less than the combined capital and surplus initially required of a like foreign insurer transacting like kinds of insurance in this State. The deposit shall be held in trust for the benefit and security of all the insurer's policyholders and creditors in the United States or of all the insurer's policyholders in the United States.

Structure Delaware Code

Delaware Code

Title 18 - Insurance Code

Chapter 5. AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS

§ 501. “Stock insurer” defined.

§ 502. “Mutual” insurer defined.

§ 503. “Reciprocal” insurer defined.

§ 504. “Charter” defined.

§ 505. Certificate of authority required.

§ 506. Exceptions to certificate of authority requirement.

§ 507. General eligibility for certificate of authority.

§ 508. Ownership; management.

§ 509. Name of insurer.

§ 510. Combinations of insuring powers.

§ 511. Capital funds required.

§ 512. Insuring combinations without additional capital funds.

§ 513. Deposit requirements — In general.

§ 514. Deposit requirements — Alien insurers.

§ 515. Application for certificate of authority.

§ 516. Issuance, refusal of authority; ownership of certificate.

§ 517. Authority conferred; surety insurers; certificate as evidence.

§ 518. Continuance, expiration, reinstatement of certificate of authority.

§ 519. Suspension or revocation of certificate of authority — Mandatory grounds.

§ 520. Suspension or revocation of certificate of authority — Discretionary and special grounds.

§ 521. Order and notice of suspension, revocation; effect upon agents' authority.

§ 522. Duration of suspension; insurer's obligations during suspension period; reinstatement.

§ 523. General corporation laws inapplicable to foreign insurers.

§ 524. Commissioner as process agent for certain insurers.

§ 525. Serving process.

§ 526. Annual statement and other required filings.

§ 527, 528. Resident agent, countersignature law; exceptions to resident agent, countersignature law.

§ 529. Cancellation of insurance agency contracts; arbitration.

§ 530. Emergency requirements.

§ 531. Emergency powers to regulate liability insurance cancellations and nonrenewals.

§ 532. Retaliatory provision.

§ 533. Immunity from liability for reporting fraudulent practices.

§ 534. Location of headquarters.

§ 535. Nondisclosure of nonpublic personal information; adoption of regulations.

§ 536. “Funding agreement” defined.