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Del. Code tit. 18, § 6960

Discount on reserves; report on reserves

Known as the Delaware Revised Captive Insurance Company Act

The act spans §§ 18–18 (55 sections).

76 Del

(a) A special purpose financial captive insurance company shall file annually with the Commissioner an actuarial opinion on reserves provided by an approved independent actuary.

(b) A special purpose financial captive insurance company may discount its reserves in accordance with the actuarial opinion filed under this section, subject to review by the Commissioner.

Official source: Delaware Code Online. Reproduced from public-domain Delaware statutes; confirm against the official source for the current text. Not legal advice.