§ 6972

As used in this subchapter, unless the context require otherwise: (1) 'Alien captive insurance company' means any insurance company formed to write insurance business of a nature that the Commissioner determines is otherwise permissible under this chapter and is licensed pursuant to the laws of an alien jurisdiction which imposes statutory or regulatory standards in a form acceptable to the Commissioner on companies transacting the business of insurance in such jurisdiction. (2) 'Branch business' means any insurance business transacted by a branch captive insurance company in this State. (3) 'Branch captive insurance company' means any alien captive insurance company that has been issued a certificate of authority by the Commissioner to transact the business of insurance in this State through a business unit with a principal place of business in this State, and has not otherwise been issued a certificate of authority by the Commissioner to transact insurance under this chapter. (4) 'Branch operations' means any business operations of a branch captive insurance company in this State.77 Del. Laws, c. 252, § 13;