DE SB203

Amends § 6911 of Delaware Code to distinguish reinsurance credit rules for captive insurance companies versus risk retention groups (RRGs), with RRGs limited to credit only under subchapter III of Chapter 9.

Modifies § 6916 to clarify that Chapters 16, 18, and 50 and Section 909 of the Delaware Insurance Code apply to RRGs, ensuring they comply with uniform standards for policyholder protections and managing general agent regulations.

Requires RRGs to comply with credit for reinsurance statutes and limits concentration of coverage on single policyholders to prevent material financial losses from adverse insurance experience.

Ensures Delaware domiciled RRGs meet Part A accreditation standards required as of January 1, 2011, and mandates that reinsurance brokers assisting RRGs be licensed as reinsurance intermediaries.

Takes effect immediately upon enactment.