Sections
§ 1601 Short title 18
§ 1602 Definitions 18
§ 1603 Licensure 18
§ 1604 Required contract provisions; reinsurance intermediary-brokers 18
§ 1605 Books and records; reinsurance intermediary-brokers 18
§ 1606 Duties of insurers utilizing services of reinsurance … 18
§ 1607 Required contract provisions; reinsurance intermediary-managers 18
§ 1608 Prohibited acts 18
§ 1609 Duties of reinsurers utilizing services of reinsurance … 18
§ 1610 Examination authority 18
§ 1611 Penalties and liabilities 18
§ 1612 Rules and regulations 18
§ 1613 Effective date 18

Terms Used In Delaware Code > Title 18 > Chapter 16 - Reinsurance Intermediary Act

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Continuance: Putting off of a hearing ot trial until a later time.
  • 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.
  • Fiduciary: A trustee, executor, or administrator.
  • Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. Source: OCC
  • insured: as used in this subchapter , shall not be construed as preventing a person other than the insured with a proper insurable interest from making application for and owning a policy covering the insured or from being entitled under such a policy to any indemnities, benefits, and rights provided therein. See Delaware Code Title 18 Sec. 3328
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Service of process: The service of writs or summonses to the appropriate party.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • Year: means a calendar year, and is equivalent to the words "year of our Lord. See Delaware Code Title 1 Sec. 302