There is a newer version
of
this Section
2022 Delaware Code
Title 18 - Insurance Code
Chapter 44. DELAWARE LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION ACT
§ 4402. Purpose.
Universal Citation: 18 DE Code § 4402 (2022)
§ 4402. Purpose.
The purpose of this chapter is to protect, subject to certain limitations, the persons specified in § 4403(a) of this title against failure in the performance of contractual obligations, under life, health, and annuity policies, plans, or contracts specified in § 4403(b) of this title, because of the impairment or insolvency of the member insurer that issued the policies, plans, or contracts. To provide this protection, an association of member insurers is created to pay benefits and to continue coverage as limited in this chapter, and members of the Association are subject to assessment to provide funds to carry out the purpose of this chapter.
63 Del. Laws, c. 442, § 1; 68 Del. Laws, c. 55, § 1; 82 Del. Laws, c. 113, § 1;
Disclaimer: These codes may not be the most recent version. Delaware may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
