Delaware has enacted Senate Bill 200, which provides that, except for notices of nonpayment of premium, notifications for cancellation and nonrenewal should be delivered to the named insured by certified mail or by USPS Intelligent Mail barcode. Additionally, the bill outlines that an insurer may not refuse to renew a homeowners insurance policy based solely on claims not caused by weather, unless two or more claims have been made against the policy during the 60 months immediately preceding the expiration of the current policy period. The bill goes into effect on October 1, 2024.
Delaware
Delaware Revises Property and Casualty Insurance Carrier Survey Form
May 23, 2024 / by AAIS posted in Compliance, Delaware
On May 20, 2024, the Delaware Department of Insurance (DEDOI) released Domestic/Foreign Insurers Bulletin No. 84 (Revised) to all insurance companies that market property and casualty insurance in Delaware.
Delaware Releases Financial Responsibility Forms for Auto Insurers
Apr 17, 2024 / by AAIS posted in Compliance, Delaware
On April 15, 2024, the Delaware Department of Insurance (DEDOI) released Auto Bulletin No. 35 informing all Delaware licensed insurers, brokers, and agents providing automobile coverage in Delaware that new financial responsibility forms are available on the Delaware Division of Motor Vehicles (DMV) website. The provided new forms are: