HB 143 — Session Law

… 160 FORMERLY HOUSE BILL NO. 143 AN ACT TO AMEND TITLES 18 AND 21 OF THE DELAWARE CODE RELATING TO AUTOMOBILE INSURANCE POLICIES. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE: Section 1. Amend § 3903, Title 18 of …

… a) As used in §§ 3903-3907 of this title: (3) “Policy” means any 1 or more of the following portions of an automobile insurance policy: a. Insuring against bodily injury and property damage liability; b. Insuring against physical damage; c. …

… s not used in the occupation, profession, or business of the insured, and other than a policy of automobile liability insurance that meets any of the following criteria: 1. Issued under an assigned risk plan; or. 2. Insuring more than 4 mot …

… loss control matters affecting insurability of the risk. g. Bona fide loss of or substantial changes in applicable reinsurance if the insurer gives 60 days’ written notice to both the insured and the Commissioner and submit s a statement outlin …

… oth the insured and the Commissioner and submit s a statement outlining the measures taken by the insurer to retain reinsurance and to obtain alternative sources of reinsurance in a form promulgated by the Commissioner. h. Material increase in …

… a statement outlining the measures taken by the insurer to retain reinsurance and to obtain alternative sources of reinsurance in a form promulgated by the Commissioner. h. Material increase in exposure arising out of changes in statutory or …

… ssioner. h. Material increase in exposure arising out of changes in statutory or case law after the issuance of the insurance contract if the insurer gives 60 days’ written notice to the insured and the Commissioner. i. Bona fide loss of or r …

… er gives 60 days’ written notice to the insured and the Commissioner. i. Bona fide loss of or reduction in available insurance capacity if the insurer gives 60 days’ written notice to the insured and Commissioner. (2) Except as otherwise prov …