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Delaware DOI Warns Against False Statements

The Delaware Department of Insurance (DOI) has issued a bulletin addressing reports that insurance professionals are routinely telling consumers that the DOI is responsible for premium rate increases...
May 23, 2017

The Delaware Department of Insurance (DOI) has issued a bulletin addressing reports that insurance professionals are routinely telling consumers that the DOI is responsible for premium rate increases.

“Delaware Insurance Code makes it clear that misleading anyone with respect to the insurance business is a violation of the Delaware Code,” said Delaware Insurance Commissioner Trinidad Navarro. “When it comes to setting rates, the old fallback that ‘The department made us do it’ will not be tolerated.” The bulletin said insurance professionals could be subject to enforcement action if they continue to misrepresent DOI’s role.

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