Delaware Code Title 18 Chapter 27, Secs. 2701-2741: The Insurance Contract

What this document is

Delaware Code Title 18 Chapter 27 - The Insurance Contract (Secs. 2701-2741) is a state statute published by Delaware Code Online (delcode.delaware.gov), Delaware General Assembly. It is one of the Delaware documents that insurance license exam questions are written from, including delaware life & health, delaware property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• 18 Del. C. Chapter 27 § 2709 (Alteration of application, life and health insurance)

  “No alteration of any written application for any life or health insurance policy shall be made by any person other than the applicant without his or her written consent, except that insertions may be made by the insurer, for administrative purposes only, in such manner as to indicate clearly that...”

• 18 Del. C. Chapter 27 § 2710(a) (Application as evidence)

  “No application for the issuance of any life or health insurance policy or annuity contract shall be admissible in evidence in any action relative to such policy or contract, unless a true copy of the application was attached to or otherwise made a part of the policy or contract when issued.”

• 18 Del. C. Chapter 27 § 2705(b) (Insurable Interest; Exception When Certain Institutions Designated Beneficiary)

  “In making such contracts the person paying the premium shall make and sign the application therefor as owner and shall designate a charitable, benevolent, educational or religious institution, or an agency thereof, irrevocably as the beneficiary or beneficiaries of such contract. The application...”

• 18 Del. C. Chapter 27 § 2715 (Charter or Bylaw Provisions)

  “No policy shall contain any provision purporting to make any portion of the charter, bylaws or other constituent document of the insurer (other than the subscriber’s agreement or power of attorney of a reciprocal insurer) a part of the contract unless such portion is set forth in full in the...”

• 18 Del. C. Chapter 27 § 2724 (Claims Administration Not Waiver)

  “none of the following acts by or on behalf of an insurer shall be deemed to constitute a waiver of any provision of a policy or of any defense of the insurer thereunder: (1) Acknowledgment of the receipt of notice of loss or claim under the policy; (2) Furnishing forms for reporting a loss or...”

• 18 Del. C. Chapter 27 § 2718(b) (Validity and Construction of Noncomplying Forms)

  “Any condition, omission or provision not in compliance with the requirements of this title and contained in any policy, rider or endorsement hereafter issued and otherwise valid shall not thereby be rendered invalid but shall be construed and applied in accordance with such condition, omission or...”

• 18 Del. C. Chapter 27 § 2712(c) (Filing, approval of forms - content of disapproval order)

  “Any order of the Commissioner disapproving any such form or withdrawing a previous effectiveness shall state the grounds therefor and the particulars thereof in such detail as reasonably to inform the insurer thereof.”

• 18 Del. C. Chapter 27 § 2716(c) (Execution of Policies)

  “No insurance contract heretofore or hereafter issued and which is otherwise valid shall be rendered invalid by reason of the apparent execution thereof on behalf of the insurer by the imprinted facsimile signature of an individual not authorized so to execute as of the date of the policy.”

• 18 Del. C. Chapter 27 § 2713 (Grounds for disapproval)

  “The Commissioner shall disapprove any form filed under § 2712 of this title, or withdraw any previous effectiveness thereof, only on 1 or more of the following grounds: (1) If it is in any respect in violation of or does not comply with this title. (2) If it contains or incorporates by reference,...”

• 18 Del. C. Chapter 27 § 2727(a) (Exemption of Proceeds, Group Insurance)

  “(a) A policy of group life insurance or group health insurance or the proceeds thereof payable to the individual insured or to the beneficiary thereunder, shall not be liable, either before or after payment, to be applied by any legal or equitable process to pay any debt or liability of such...”

• 18 Del. C. Chapter 27 § 2704(a) (Insurable Interest; Personal Insurance)

  “Any individual of competent legal capacity may procure or effect an insurance contract upon that individual's own life or body for the benefit of any person, but no person shall procure or cause to be procured any insurance contract upon the life or body of another individual unless the benefits...”

• 18 Del. C. Chapter 27 § 2708 (Consent of Insured; Life, Health Insurance)

  “No life or health insurance contract upon an individual, except a contract of group life insurance or of group or blanket health insurance, shall be made or effectuated unless at the time of the making of the contract the individual insured, being of competent legal capacity to contract, applies...”

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More Delaware sources

• Del. Code tit. 18, ch. 29: Life insurance contracts - standard policy provisionsState statute
• Delaware Code Title 18, Ch. 017 - Licensing of Professional Insurance PersonnelState statute
• Delaware Code Title 18, Ch. 023 - Unfair Practices in the Insurance BusinessState statute
• Delaware Code Title 18, Ch. 29 - Life Insurance and Annuity ContractsState statute
• Delaware Code Title 18, Ch. 031 - Life Insurance ContractsState statute
• Delaware Code Title 18, Ch. 035 - Group and Blanket Health InsuranceState statute
• Delaware Code Title 18 Chapter 17 - Licensing of Professional Insurance Personnel (Secs. 1701-1724)State statute
• Delaware Code Title 18 Chapter 17A - Licensing of Public Adjusters (Secs. 1750-1761)State statute