(b) Prosecutions for any such violation shall be brought in the Superior Court of the county in which the offense occurred. Any director, officer, manager, employee or representative of a corporation shall be subject to fine and imprisonment as above provided. (a) Each violation of this title for which a greater penalty is not provided by a provision of this title or other applicable laws of this State, in addition to any applicable prescribed denial, suspension, or revocation of certificate of authority or license, shall upon conviction thereof subject the violator to a fine of not more than $1,000 or imprisonment of not more than one year, or both except, that if the violator is a corporation the fine shall be not more than $3,000 as to each violation.
Provisions of this title as to a particular kind of insurance, type of insurer, or matter shall prevail over provisions relating to insurance, insurers, or matters in genera]. (3) Fraternal benefit societies, except as stated in chapter 61 (fraternal benefit societies) of this title.
(2) Domestic mutual benefit associations, except as stated in chapter 55 (mutual benefit associations) of this title. (1) Domestic mutual assessment property insurers except as stated in chapter 53 (mutual assessment property insurers) of this title. No provision of this title shall apply with respect to:
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Application of code as to particular types of insurers (4) Transaction of matters subsequent to effectuation and arising out of such a contract. (3) Effectuation of a contract of insurance. In addition to other aspects of insurance operations to which provisions of this title by their terms apply, "transact" with respect to a business of insurance includes any of the following: (j) An "authorized" insurer is one duly authorized to transact insurance in this State by a subsisting certificate of authority issued by the Commissioner. (4) As to all other insurers, the state under the laws of which the insurer was formed. (3) As to alien insurers other than those referred to in (1) or (2) above, the country under the laws of which the insurer was formed. (2) As to other alien insurers authorized to transact insurance is one or more states, as provided in Section 531 (retaliatory provision) of this Title. (1) As to Canadian insurers, the province in which the insurer's head office is located. (h) An "alien" insurer is a foreign insurer formed under the laws of any country other than the United States of America, its states, districts, commonwealths and possessions. (g) A "foreign" insurer is one formed under the laws of any jurisdiction other than this State. (f) A "domestic" insurer is one formed under the laws of this State. (e) "Department" means the Insurance Department of this State. (d) "Commissioner" means the Insurance Commissioner of this State. (c) "Insurer" includes every person engaged as principal and as indemnitor, surety, or contractor in the business of entering into contracts of insurance.
(b) "Insurance" means a contract whereby one undertakes to pay or indemnify another as to loss from certain specified contingencies or perils, called "risks," or to pay or grant a specified amount or determinable benefit in connection with ascertainable risk contingencies, or to act as surety. In addition, "person" also includes syndicates, organizations, business trusts, attorneys-in-fact and every natural or artificial legal entity. (a) "Person" means corporations, companies, associations, firms, partnerships, societies and joint stock companies, and individuals as is provided in Section 3029, Title 1. This Part constitutes the Delaware Insurance Code. Title 18, Delaware Code, is amended by repealing chapters 1 through 31, inclusive, in their entirety, and substituting therefor new chapters 1 through 65, inclusive to read, from beginning to end, as follows:ĬHAPTER 1. AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE, ENTITLED "INSURANCE," BY A COMPREHENSIVE REVISION AND SUPPLEMENTATION OF THAT TITLE TO BE EFFECTED BY REPEALING THE PRESENT CHAPTERS 1 THROUGH 31, INCLUSIVE, IN THEIR ENTIRETY, AND SUBSTITUTING THEREFOR NEW CHAPTERS 1 THROUGH 65, INCLUSIVE.
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