(a) If upon completion of its application the Commissioner finds that the insurer has met the requirements therefor under this title, the Commissioner shall issue to the insurer a proper certificate of authority; if he or she does not so find, the Commissioner shall issue his or her order refusing such certificate. The Commissioner shall act upon an application for certificate of authority within a reasonable period after its completion.
(b) The Commissioner shall issue certificates of authority under his or her seal of office, showing the date of actual issuance, the kinds of insurance the insurer is authorized to transact in this State, and such other matters as the Commissioner deems necessary. At the insurer's request, the Commissioner may issue a certificate of authority limited to particular types of insurance or coverages within a kind of insurance as defined in Chapter 9 of this title.
(c) Although issued and delivered to the insurer, the certificate of authority at all times shall be the property of the State. Upon any expiration, suspension or termination thereof the insurer shall promptly deliver the certificate to the Commissioner.
Structure Delaware Code
Chapter 5. AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
§ 501. “Stock insurer” defined.
§ 502. “Mutual” insurer defined.
§ 503. “Reciprocal” insurer defined.
§ 505. Certificate of authority required.
§ 506. Exceptions to certificate of authority requirement.
§ 507. General eligibility for certificate of authority.
§ 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.
§ 526. Annual statement and other required filings.
§ 529. Cancellation of insurance agency contracts; arbitration.
§ 530. Emergency requirements.
§ 531. Emergency powers to regulate liability insurance cancellations and nonrenewals.
§ 533. Immunity from liability for reporting fraudulent practices.
§ 534. Location of headquarters.
§ 535. Nondisclosure of nonpublic personal information; adoption of regulations.