{"data":{"id":"us-de/18-del.-c.-7209","jurisdiction":"us-de","citation":"18 Del. C. § 7209","heading":"Application to become a risk-assuming carrier.","body":"(a) A small employer carrier may apply to become a risk-assuming carrier by filing an application with the Commissioner in a form and manner prescribed by the Commissioner.\n(b) The Commissioner shall consider the following factors in evaluating an application filed under subsection (a) of this section:\n(1) The carrier’s financial condition;\n(2) The carrier’s history of rating and underwriting small employer groups;\n(3) The carrier’s commitment to market fairly to all small employers in the State or its established geographic service area, as applicable;\n(4) The carrier’s experience with managing the risk of small employer groups; and\n(5) The effect of approval and disapproval on the small employer insurance market and the Delaware Small Employer Health Reinsurance Program pursuant to § 7210 of this title [repealed].\n(c) The Commissioner may rescind the approval granted to a risk-assuming carrier under this section if the Commissioner finds that:\n(1) The carrier’s financial condition will no longer support the assumption of risk from issuing coverage to small employers in compliance with § 7207 of this title without the protection afforded by the Program;\n(2) The carrier has failed to market fairly to all small employers in the State or its established geographic service area, as applicable; or\n(3) The carrier has failed to provide coverage to eligible small employers as required in § 7207 of this title.\n(d) A small employer carrier electing to be a risk-assuming carrier shall not be subject to the provisions of § 7210 of this title [repealed].","path":["Title 18. Insurance Code","Insurance","CHAPTER 72. Small Employer Health Insurance"],"source_url":"https://delcode.delaware.gov/title18/c072/index.html#7209","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:25Z","sha256":"8933248cf15cc336f13786e3e5ec7a876e4f1e9b574d565fc3f10e5a31f29589","source_id":"us-de","stale":true,"prev":"us-de/18-del.-c.-7208","next":"us-de/18-del.-c.-7210"},"notice":"GroundRules: Original legal text. Not legal advice."}