Del. Code 18, § 6530 : Insurance Code — Insurance For The Protection Of The State — Self-Insurance — Placement of self-insurance

  • Date:

Current through 2016 Legislative Session, Act 399

(a) When the Administrator shall determine and declare it to be advisable to insure against a certain risk or risks through a self-insurance program, then a request shall be made of the General Assembly in an amount equal to anticipated claims and expenses for a Self-Insurance Fund Contingency Account, hereinafter referred to as the Fund.
(b) The Administrator shall be responsible for the administration of the Fund and the payment of claims and costs.
(c) In the event that the Committee shall elect to procure commercial insurance on risks which are self-insured, they may direct that the initial premium for such commercial policies covering such risk or risks shall be paid from the Fund.
Del. C. § 6530
Amended by Laws 2013, ch. 286,s 12, eff. 7/1/2014.
18 Del. C. 1953, § 6530; 57 Del. Laws, c. 187, § 2.;
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