18 Del. Admin. Code § 701-5.0 - Review
5.1 Any homeowners
insurer seeking qualification of its homeowners insurance policy forms pursuant
to section
4.0 of this regulation shall file a
written statement by an authorized officer certifying compliance with the
provisions of this regulation. In the event that the general guidelines of this
regulation have not been followed, the homeowners insurer shall submit a
written sheet labeled "Appendix A" which lists the areas of non-compliance and
states the reasons therefor. Thereafter, the Commissioner shall review and
determine the acceptability of said homeowners policy forms.
5.2 To emphasize; the sole purpose of this
regulation is to produce readable policies, not unwarranted expansion or
contraction of policy coverage under the guise of readability. If it is
necessary to alter coverage, such change must be noted and explained upon
submission for filing.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.