Office of the
Commissioner
Delaware
Department of Insurance
SURETY WAIVER
REQUEST
Requests for waiver must be emailed to berg@delaware.gov
Pursuant to 18 Del. C. § 513(b):
(b) The Commissioner shall not authorize an insurer to transact surety insurance unless it
makes and thereafter continuously maintains in this State through the Commissioner a special
and additional deposit of cash or securities eligible therefor under § 1503 of this title, of a fair
market value not less than $10,000, to answer any default of such insurer upon surety contracts
issued by it in this State. The foregoing requirement shall not be applicable to any insurer
having a paid-in capital and surplus of $10,000,000 or more and continuously maintaining on
deposit in this State through the Commissioner, or in another state, cash or securities eligible
for such deposit under the laws of this State or of such other state of a fair market value of not
less than $400,000 for the protection of all its policyholders wherever located, or all of its
policyholders in the United States or all of its policyholders and creditors.
WAIVER Information:
Company Name: ______________________________________________________________,
NAIC#: _______, is requesting a surety waiver based on the following:
☐
Company has a paid-in capital and surplus of $10,000,000 or more; and Company
continuously maintains on deposit in this state through the Commissioner, or in another
state, cash or securities of not less than $400,000 as stated above.
Company Contact name: _______________________________________
Signature: __________________________________
Phone#: _______________________
Email: ____________________________________
Date: ____________________________________
Please contact berg@delaware.gov with questions or
302-674-7330
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