Insuring powers. — Delaware Code § 5303
Delaware Code § 5303 — Insuring powers.. Reproduced from the official Delaware Code, with a citation summary, verification link, and related provisions.
§ 5303. Insuring powers.
(a) Such insurers shall have power to insure only real property and personal property incidental to such real property against the perils of fire, lightning and windstorm, together with perils customarily included under extended coverages.
(b) The maximum amount of insurance which the insurer shall retain on any 1 subject of insurance, after deduction of applicable reinsurance, shall not exceed 10% of its admitted assets or $5,000, whichever is the larger amount. For the purposes of this subsection a “subject of insurance” shall have the meaning ascribed in § 909 (limits of risk) of this title.
18 Del. C. 1953, § 5303; 56 Del. Laws, c. 380, § 1;Source: official Delaware text · Last verified 2026-08-27
At a glance
- Citation: Delaware Code § 5303
- Jurisdiction: Delaware
- Code: Delaware Code
- Subject: Insuring powers.
- Text: transcribed from the official source (verify below)
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Common questions
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What subject does Delaware Code § 5303 address?
It addresses "Insuring powers.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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