Legislation

SB 249 — Session Law

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Mentions of “INSURANCE” — 17 found

… 52nd GENERAL ASSEMBLY FORMERLY SENATE BILL NO. 249 AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO CAPTIVE INSURANCE. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE: Section 1. Amend § 6905, Title 18, of the Delaware …

… insertions as shown by underline as follows: § 6905. Minimum capital and surplus; letter of credit. (a) No captive insurance company shall be issued a certificate of authority unless it shall possess and thereafter maintain capital and surplu …

… authority unless it shall possess and thereafter maintain capital and surplus of: (1) In the case of a pure captive insurance company, not less than $250,000; (2) In the case of an association captive insurance company, not less than $750,000; …

… (1) In the case of a pure captive insurance company, not less than $250,000; (2) In the case of an association captive insurance company, not less than $750,000; (3) In the case of an industrial insured captive insurance company, not less than $50 …

… of an association captive insurance company, not less than $750,000; (3) In the case of an industrial insured captive insurance company, not less than $500,000; (4) In the case of an agency captive insurance company, not less than $250,000; (5) …

… case of an industrial insured captive insurance company, not less than $500,000; (4) In the case of an agency captive insurance company, not less than $250,000; (5) In the case of a risk retention group, not less than $1,000,000; (6) In the case …

… $250,000; (5) In the case of a risk retention group, not less than $1,000,000; (6) In the case of a sponsored captive insurance company, not less than $500,000; (7) In the case of a special purpose captive insurance company, not less than $250,00 …

… he case of a sponsored captive insurance company, not less than $500,000; (7) In the case of a special purpose captive insurance company, not less than $250,000 or such other amount determined by the Commissioner; (8) In the case of a branch ca …

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