§ 103. “Transacting insurance” defined.
58 words·~1 min read·
/de/title-18/chapter-1-general-definitions-and-provisions/103·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In addition to other aspects of insurance operations to which provisions of this title by their terms apply, “transact” with respect to a business of insurance includes any of the following:
(1)Solicitation or inducement;
(2)Negotiations;
(3)Effectuation of a contract of insurance;
(4)Transaction of matters subsequent to effectuation and arising out of such a contract.