Delaware Code Title 18 Sec. 4502 – Definitions
For the purpose of this chapter, the following definitions apply:
(1) “Certificate of insurance” means a document or instrument, regardless of how titled or described, that is prepared or issued by an insurer or insurance producer as evidence of property or casualty insurance coverage. The term does not include a policy of insurance, insurance binder, policy endorsement, or automobile insurance identification or information card.
(2) “Commissioner” means the Insurance Commissioner of this State.
(3) “Insurance producer” means a person required to be licensed under the laws of this State to sell, solicit, or negotiate property or casualty insurance.
(4) “Insurer” means any organization that issues property or casualty insurance.
(5) “Person” means any individual, partnership, corporation, association, or other legal entity, including any government or governmental subdivision or agency.
Terms Used In Delaware Code Title 18 Sec. 4502
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302