DEPARTMENT OF INSURANCE
NOTICE OF PUBLIC COMMENT PERIOD
702 Required Disclosures For Residential Homeowners Polices
INSURANCE COMMISSIONER MATTHEW DENN hereby gives notice of a proposed change to Department of Insurance Regulation 702 relating to required disclosures for residential homeowners policies. The Commissioner proposes to amend Regulation 702. The docket number for this proposed amendment is 527.
The proposed changes to the regulation appear in section 2 relating to the purpose by requiring notice of deductibles required by the coverage, and by the addition of a section 5.1.5, describing the required disclosures of information relative to deductibles. The text of the proposed amendment is reproduced in the October 2007 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, November 5, 2007, and should be addressed to Mitch Crane, c/o Delaware Department of Insurance, 841 Silver Lake Boulevard, Dover, DE 19904, or email to firstname.lastname@example.org.