SURPLUS LINES FAQ - Delaware Insurance Commissioner

56. May we stamp the policy/dec page/endorsement in our own office, or do you require us to send
filings in to be stamped?
Yes, you may stamp the policy in your office. In fact, it is the surplus lines broker’s
responsibility to be sure the policy is stamped. Delaware does not have a stamping office, so you
should not send policy documents to the Department.
57. What gets stamped?
The Department advises that the declarations page of the policy and any endorsements should be
stamped. If a binder is used before the policy is delivered, the binder should be stamped.
58. Do you require us to provide an original stamped copy of policies to the insured?
Yes, this provision is for the benefit of the insured. It ensures that the consumer is aware that the
company providing the coverage is not licensed in Delaware and the Insurance Commissioner
does not have regulatory authority over that company.
59. Is the stamp a rubber stamp or a paper insert? If rubber, do you provide this to us or do we need to
order one ourselves? If paper, can we print the stamp?
It does not need to be a rubber stamp, but it should be imprinted on the page itself – not a paper
insert. If you choose to use a rubber stamp, you will need to order it yourself. The Department
does not provide the stamp. The wording can be computer printed on the binder/dec
page/endorsement.
60. Are there any font size or color requirements?
There are no color requirements. The font size shall not be smaller than 8 points to be
compatible with policy readability requirements as set forth in Regulations 605 and 701.
61. Does the binder/dec page require a signature? If so, whose signature is required?
Not specifically a signature, it could be initialed. The name of the surplus lines broker who
procured the coverage is required and must be printed.