Delaware Administrative Code
Title 18 - Insurance
700 - Home Owners Insurance
701 - Providing Basic Readability Requirements for Homeowners Insurance Policy Forms [Formerly Regulation 27]
Section 701-5.0 - Review
Current through Register Vol. 28, No. 3, September 1, 2024
5.1 Any homeowners insurer seeking qualification of its homeowners insurance policy forms pursuant to section 4.0 of this regulation shall file a written statement by an authorized officer certifying compliance with the provisions of this regulation. In the event that the general guidelines of this regulation have not been followed, the homeowners insurer shall submit a written sheet labeled "Appendix A" which lists the areas of non-compliance and states the reasons therefor. Thereafter, the Commissioner shall review and determine the acceptability of said homeowners policy forms.
5.2 To emphasize; the sole purpose of this regulation is to produce readable policies, not unwarranted expansion or contraction of policy coverage under the guise of readability. If it is necessary to alter coverage, such change must be noted and explained upon submission for filing.
