DEPARTMENT OF INSURANCE
NOTICE OF PUBLIC COMMENT PERIOD
1003 Credit for Reinsurance [Formerly Regulation 79]
INSURANCE COMMISSIONER MATTHEW DENN hereby gives notice of intent to adopt proposed Department of Insurance Regulation 1003 relating to credit for reinsurance. The docket number for this proposed amendment is 609.
The purpose of the proposed amended regulation is to require the use of ICC Publication No. 600LF (“UCP 600”) as a replacement for UCP 500 and then all future ICC updates to 600. The text of the proposed amendment is reproduced in the February 2008 edition of the Delaware Register of Regulations. The text can also be viewed at the Delaware Insurance Commissioner’s website at: http://www.delawareinsurance.gov/departments/documents/ProposedRegs/ProposedRegs.shtml.
The Department of Insurance does not plan to hold a public hearing on the proposed changes. Any person can file written comments, suggestions, briefs, compilations of data or other materials concerning the proposed amendments. Any written submission in response to this notice and relevant to the proposed changes must be received by the Department of Insurance no later than 4:30 p.m., Monday March 3, 2008, and should be addressed to Mitchell G. Crane, Esquire, Delaware Department of Insurance, 841 Silver Lake Boulevard, Dover, DE 19904, or sent by fax to 302.739.2021 or email to email@example.com.