Casualty or surety insurers insuring real property mortgage lenders against loss by reason of nonpayment of the mortgage indebtedness by the borrower shall maintain a contingency reserve for the protection of policyholders against the effects of adverse economic cycles.

18 Del. C. 1953, § ?1110; 56 Del. Laws, c. 380, § ?1; 74 Del. Laws, c. 214, § ?5;

Terms Used In Delaware Code Title 18 Sec. 1110

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.