HOUSE BILL NO. 300
AN ACT TO AMEND CHAPTER 42, TITLE 18 OF THE DELAWARE CODE RELATING TO THE DEFINITION OF AN INSOLVENT INSURER.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend paragraph (4) Section 4205, Chapter 42, Title 18 of the Delaware Code by striking said paragraph in its entirety and substituting in lieu thereof the following:
"(4) 'Insolvent insurer' means a member insurer (a) transacting Insurance In this State either at the time the policy was issued or when the insured event occurred and (b) determined to be Insolvent by a court of competent jurisdiction."
Approved July 17, 1984.