CHAPTER 348

RELATING TO NON-RESIDENT INSURANCE AGENTS AND BROKERS

AN ACT TO AMEND CHAPTERS 5 AND 21, TITLE 18, DELAWARE CODE RELATING TO NON-RESIDENT INSURANCE AGENTS AND BROKERS.

Be it enacted by the General Assembly of the State of Delaware:

Section 1. § 514 (a), Title 18, Delaware Code is amended by adding at the end thereof the following sentence:

An agent of another state duly licensed to do business in Delaware can countersign his own policies covering property in Delaware provided his state has a similar reciprocal provision in favor of Delaware agents and if Delaware agents licensed to do business in that state would be entitled to the same commissions as a resident agent of that state would receive.

Section 2. § 2101 (f), Title 18, Delaware Code is amended by adding a new subparagraph to read as follows:

No examination shall be required of an applicant for a nonresident agent's or broker's license provided the applicant has previously qualified in his state under a qualification plan which in the judgment of the Commissioner is comparable to the qualification plan of this State.

Approved April 3, 1958.