Every subscriber of a domestic reciprocal insurer having contingent liability shall be liable for and shall pay his or her share of any assessment, as computed and limited in accordance with this chapter, if:
(1) While his or her policy is in force or within 1 year after its termination, he or she is notified by either the attorney or the Commissioner of his or her intentions to levy such assessment, or
(2) An order to show cause why a receiver, conservator, rehabilitator or liquidator of the insurer should not be appointed is issued while his or her policy is in force or within 1 year after its termination.
Structure Delaware Code
Chapter 57. RECIPROCAL INSURERS
§ 5701. “Reciprocal” insurance defined.
§ 5702. Scope of chapter; existing insurers.
§ 5703. Insuring powers of reciprocals.
§ 5705. Attorney; attorney, subscribers and reciprocal insurer a single entity.
§ 5706. Organization of reciprocal insurer.
§ 5707. Certificate of authority.
§ 5711. Deposit in lieu of bond.
§ 5713. Service of process; judgment.
§ 5714. Contributions to insurer.
§ 5715. Financial condition; method of determining.
§ 5717. Subscribers' advisory committee.
§ 5718. Subscribers' liability generally.
§ 5719. Subscribers' liability on judgment.
§ 5721. Time limit for assessments.
§ 5722. Aggregate or contingent liability.
§ 5723. Nonassessable policies.