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§ 6938 — Delaware Law | CourtGPT
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  2. Laws/
  3. Delaware/
  4. Title 18 - Insurance Code/
  5. Chapter 69 - Captive Insurance Companiessub/
  6. Subchapter II - Sponsored Captive Insurance Companies§ 6931. General/
  7. § 6938
Delaware Legal Code

§ 6938

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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.75 Del. Laws, c. 150, § 1; 77 Del. Laws, c. 252, § 12;