Delaware Administrative Code
Title 18 - Insurance
1700 - Credit Life and Credit Health Insurance
1701 - Credit Life and Credit Health Insurance [Formerly Regulation 5]
Section 1701-3.0 - Unfair Trade Practices
Universal Citation: 18 DE Admin Code 1701-3.0
Current through Register Vol. 28, No. 3, September 1, 2024
3.1 The use of compensating balances or special deposits as an inducement to a creditor to place a credit insurance program with the insurer, making or offering to create such compensating balance or special deposit is considered by the Insurance Commissioner to be a prohibited practice within the meaning of the Unfair Trade Practices Act (Sec. 2301-2316) and this section is intended to serve notice as to his determination in this regard.
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