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2025 Delaware Code
Title 18 - Insurance Code
Chapter 69. CAPTIVE INSURANCE COMPANIES
Subchapter II. Sponsored Captive Insurance Companies
§ 6938. Delinquency of sponsored captive insurance companies.
Universal Citation:
18 DE Code § 6938 (2025)
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§ 6938. Delinquency of sponsored captive insurance companies. 75 Del. Laws, c. 150, § 1; 77 Del. Laws, c. 252, § 12;
The provisions of § 6918 of this title shall apply to a sponsored captive insurance company and to each protected cell of the sponsored captive insurance company, provided:
(1) The assets of a protected cell may not be used to pay any expenses or claims other than those attributable to such protected cell; and
(2) The minimum capital and surplus of the sponsored captive insurance company shall at all times be available to pay any expenses of or claims against the sponsored captive insurance company.
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