DE HB40

Changes the term "insurer" to "purchaser" in § 1917(c) of Title 18 to align with § 1914 relating to exempt commercial purchasers in surplus lines coverage.

Replaces the word "affidavit" with "written statement" in § 1923(a)(14) of Title 18 to eliminate the requirement for notarized signatures on the Delaware Insurance Department Surplus Lines Statement of Diligent Effort form.

Corrects a cross-reference in § 1923(a)(14) from "§ 1905(c)(2)" to "§ 1912(c)(2)" regarding diligent effort requirements for surplus lines brokers.

Maintains existing requirements that surplus lines brokers document diligent efforts to place coverage with admitted insurers and provide written statements confirming insureds were advised that surplus lines insurers are not licensed in Delaware and not covered by the State Insurance Guaranty Fund.

Becomes effective 90 days from the date of enactment.