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Delaware General AssemblyDelaware RegulationsMonthly Register of RegulationsMarch 2018

Regulatory Flexibility Act Form

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18 DE Admin. Code 303
The underlying statute at 18 Del.C. §526A(a) requires as follows:
Regulation 303 implements 18 Del.C. §526A by setting forth the information that is to be reported in the supplement to the statement that property and casualty insurers are required to file annually. The Department has determined that the information required by Regulation 303 is not needed, and has therefore determined to repeal Regulation 303, as permitted by 18 Del.C. §526A(h).
2.1.1 As required by 18 Del.C. §526A, each property or casualty insurer, licensed or authorized in this State, shall submit as a supplement to Schedule T of its annual statement, a report showing its direct writings and experience, prior to reinsurance, in this State and the United States.
2.1.2 This information shall be submitted annually on or before the lst of April, on the forms attached hereto. Additional forms may be reproduced by the insurer as needed. Each report shall include the required data for the previous year ending on the 31st of December. The report for the year 1986 is due on or before April 1, 1987.
3.1 "Other Professional Malpractice" means all coverages written for professional liability for persons engaged in a vocation or occupation requiring advanced education and training that are not included in medical malpractice or attorney malpractice coverages.
3.2 "Municipalities" include boroughs, cities, towns, townships and villages.
3.3 "Other Authorities" include all other governmental entities.
4.2.1 Form 1 is a display of all lines and sublines of insurance as required in 18 Del.C. §526A to be reported. In addition to the lines of insurance in 18 Del.C. §526A, the experience for the line of coverage entitled "Title Insurance" shall also be reported.
5.0 Exemption from 18 Del.C. §526A.
5.1.1 Every property or casualty insurer licensed or admitted in this State shall comply with the requirements of 18 Del.C. §526A. Insurers are exempt from this requirement for an individual line if their direct premiums earned during calendar year 1986 and their incurred losses during calendar year 1986 are less than the amounts indicated below:
Last Updated: December 31 1969 19:00:00.
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