SB 282 — Session Law

… ERAL ASSEMBLY FORMERLY SENATE BILL NO. 282 AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO PRIVATE FLOOD INSURANCE. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE: Section 1. Amend Title 18 of the Delaware Code by c …

… hown by strike through and insertions as shown by underline as follows: Chapter 88. Private Primary Residential Flood Insurance Model Act. § 8801. Short title. This Act is known and may be cited as the “Private Primary Residential Flood Insuranc …

… nsurance Model Act. § 8801. Short title. This Act is known and may be cited as the “Private Primary Residential Flood Insurance Model Act.” § 8802. Purpose and intent. To provide protection of lives and property from the peril of flood, this leg …

… roperty from the peril of flood, this legislation is designed to encourage a robust private primary residential flood insurance market to provide consumer choices and alternatives to the existing National Flood Insurance Program. § 8803. Defini …

… rimary residential flood insurance market to provide consumer choices and alternatives to the existing National Flood Insurance Program. § 8803. Definitions. As used in this chapter: (1) “Authorized insurer” means an insurer that is authorized …

… ons. As used in this chapter: (1) “Authorized insurer” means an insurer that is authorized by the Department to write insurance under a certificate of authority issued by the Department to transact insurance in Delaware. (2) “Commissioner” mean …

… authorized by the Department to write insurance under a certificate of authority issued by the Department to transact insurance in Delaware. (2) “Commissioner” means the Insurance Commissioner of the State of Delaware. (3) “Department” means the …

… a certificate of authority issued by the Department to transact insurance in Delaware. (2) “Commissioner” means the Insurance Commissioner of the State of Delaware. (3) “Department” means the Delaware Department of Insurance. (4) “National Flo …