Duties of insurer to provide regulatory notice of intent to transact residential primary flood insurance
Known as the Private Primary Residential Flood Insurance Model Act
The act spans §§ 18-4151 to 18-4161 (10 sections).
83 Del
Authorized insurers intending to sell primary residential flood insurance products in Delaware must do all of the following:
(1) Notify the Department of its plans at least 30 days before making a form or rate filing relating to such flood insurance in Delaware.
(2) File a plan of operation and financial projections or material revisions to such plan.
Official source: Delaware Code Online. Reproduced from public-domain Delaware statutes; confirm against the official source for the current text. Not legal advice.