{"data":{"id":"us-de/18-del.-c.-418","jurisdiction":"us-de","citation":"18 Del. C. § 418","heading":"Premium payment; reserves.","body":"(a) Each group shall establish to the satisfaction of the Commissioner a premium payment plan which shall include:\n(1) An initial payment by each member of at least 25% of that member’s annual premium before the start of the group’s fund year; and\n(2) Payment of the balance of each member’s annual premium in monthly or quarterly installments.\n(b) Each group shall establish and maintain actuarially appropriate loss reserves which shall include reserves for:\n(1) Known claims and expenses associated therewith; and\n(2) Claims incurred but not reported and expenses associated therewith.\n(c) Each group shall establish and maintain bad debt reserves based on the historical experience of the group or other groups.","path":["Title 18. Insurance Code","Insurance","CHAPTER 4. Workers’ Compensation Self-Insurance Groups"],"source_url":"https://delcode.delaware.gov/title18/c004/index.html#418","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:23Z","sha256":"c63a018d84296a0e463a44dbd85686f8b3108ac3de10d1b23bce838fe8eb5d77","source_id":"us-de","stale":true,"prev":"us-de/18-del.-c.-417","next":"us-de/18-del.-c.-419"},"notice":"GroundRules: Original legal text. Not legal advice."}