Del. Code 18, § 4801 : Insurance Code — Insurance Premium Financing — Definitions Date: 2 Sep 2016 TEXT PDF Current through 2016 Legislative Session, Act 399 As used in this chapter, unless the context otherwise requires: (1) "Premium finance agreement" means an agreement by which an insured or prospective insured promises to pay to an insurance premium financing company the amount advanced or to be advanced under the agreement to an insurer or to an insurance agent or broker in payment of premiums on an insurance contract together with a service charge as authorized and limited by this chapter. (2) "Insurance premium finance company" means a person engaged in the business of entering into premium finance agreements or otherwise financing the payment of insurance premiums. (3) "Licensee" means a premium finance company holding a license issued by the Commissioner under this chapter. (4) "Commissioner" means the Insurance Commissioner. Del. C. § 4801 60 Del. Laws, c. 406, § 1.;