CHAPTER 162
FORMERLY
SENATE BILL NO. 247
AN ACT TO AMEND CHAPTER 44, TITLE 18, DELAWARE CODE RELATING TO THE DELAWARE LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend Section 4408, Chapter 44, Title 18, Delaware Code by adding thereto a new subsection to read as follows:
III) if the Association, or any designee thereof reinsured by the Association, submits a rate filing in another state and said rate filing is not approved within 30 days by that state, then the Association or its designee may:
a. deny payment of claims from claimants of said state; or,
b. grant priority to the payment of claims submitted to the Association or its designee from claimants located in another state (s) in which a rate filing has been approved."
Approved July 12, 1985