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2019 Delaware Code
Title 18 - Insurance Code
Chapter 55. Mutual Benefit Associations
§ 5507 Same — Issuance; renewal.
Universal Citation: 18 DE Code § 5507 (2019)
(a) The Commissioner shall issue a certificate of authority to every mutual benefit association complying with this chapter upon payment of the fee therefor in the amount specified in § 5520 of this title.
(b) The certificate of authority shall be valid until the March 1 next following its issuance. So long as the association is qualified therefor the Commissioner shall, upon payment of the fee for renewal specified in § 5520 of this title, annually on March 1 renew the certificate of authority for the ensuing year.
18 Del. C. 1953, § 5507; 56 Del. Laws, c. 380, § 1.
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