Delaware Code Title 18 Sec. 560 – Definitions
Current as of: 2023 | Check for updates
|
Other versions
As used in this part.
(1) “Non-U.S. insurer” means an insurer or reinsurer organized under the laws of a foreign country.
(2) “United States branch” or “U.S. branch” means the business unit through which business is transacted within the United States by a non-U.S. insurer and the assets and liabilities of the non-U.S. insurer within the United States pertaining to such business.
Terms Used In Delaware Code Title 18 Sec. 560
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- United States: includes its territories and possessions and the District of Columbia. See Delaware Code Title 1 Sec. 302