Del. Code 18, § 103 : Insurance Code — General Definitions And Provisions — "Transacting insurance" defined Date: 2 Sep 2016 TEXT PDF Current through 2016 Legislative Session, Act 399 In addition to other aspects of insurance operations to which provisions of this title by their terms apply, "transact" with respect to a business of insurance includes any of the following: (1) Solicitation or inducement; (2) Negotiations; (3) Effectuation of a contract of insurance; (4) Transaction of matters subsequent to effectuation and arising out of such a contract. Del. C. § 103 18 Del. C. 1953, § 103; 56 Del. Laws, c. 380, § 1.;