18 Del. Admin. Code § 611-3.0

Current through Register Vol. 28, No. 5, November 1, 2024

Section 611-3.0 - Issuance of Premium Refund Upon Policy Cancellation

3.1 When an automobile insurance policy is cancelled by the insured, any unearned premium shall be refunded within 30 days of the date the insured has provided the evidence required by 18 Del.C. § 3915.

3.2 Insurance premium refunds shall be paid in the same manner in which the premium was paid, by check if the original payment method is unavailable, or another manner of refund agreed to by the insured.

3.3 If a policy subject to this regulation is cancelled by an insurance premium finance company, the unearned premium shall be refunded to the insurance premium finance company in accordance with the terms of 18 Del.C. § 4809(f).

18 Del. Admin. Code § 611-3.0

28 DE Reg. 144 (8/1/2024) (Final)