This subchapter provides for the authorization of special purpose financial captive insurance companies empowered to issue securities and otherwise access financial markets and alternative sources of capital through securitizations and other transactions. The intent of this subchapter is to provide for an authorization process for special purpose financial captive insurance companies that is both thorough and swift, and for the ongoing regulation of such companies that recognizes and accommodates the special purpose nature of such entities.
Structure Delaware Code
Chapter 69. CAPTIVE INSURANCE COMPANIES
Subchapter III. Special Purpose Financial Captive Insurance Companies
§ 6953. Application of subchapter.
§ 6954. Application requirements.
§ 6955. Certificate of authority and order.
§ 6956. Securities of special purpose financial captive insurance companies.
§ 6957. Authorized contracts and activities.
§ 6958. Dividends and distributions.
§ 6960. Discount on reserves; report on reserves.