Current through 2024 Legislative Session Act Chapter 531
The purposes of this subchapter are:
(1) To assure stability in the property insurance market of this State;(2) To make basic property insurance available for qualified property established by this section;(3) To encourage maximum use in obtaining basic property insurance of the available, normal insurance market provided by the private property insurance industry;(4) To provide for equitable distribution among authorized insurers of the responsibility for insuring qualified property for which basic property insurance cannot be obtained through the normal insurance market. 18 Del. C. 1953, § 4104; 56 Del. Laws, c. 468, § 2.;