Insurance Placement Facility of Delaware
To publicize the purposes and procedures of the Facility to the end that no one may fail to seek its assistance through ignorance thereof.
To provide for the formulation and administration of the Facility and of procedures and rules, whereby property insurers shall share equitably the responsibility for insuring insurable property for which basic property insurance cannot be obtained through the normal insurance market; and
To enable participating insurers to comply with the Delaware FAIR Plan Act.
Each insurer, which is authorized to write and is engaged in writing, within the State of
Delaware on a direct basis, basic property insurance or any component thereof contained in a
multiple peril policy, shall be a member of the Facility. Other insurers may become members,
provided they are eligible unlicensed insurers.
The Facility shall be governed by a Board of Directors consisting of eleven members.
Membership of the Board shall be by companies, and each member company elected to the
Board shall designate a person to represent it at all meetings of the Board and shall file such
designate with the General Manager. Such member company shall have the right to name an
alternate to act on its behalf.
Members of the Board of Directors shall be elected at the annual meeting of the Facility
and shall serve for a term of one year. The Directors serving at December 31, 2005 are as
Name Joanne Martyn (Chairperson) John D. Fillippo Susan Erney Loretta Johnson Richard Kelley
Company Chubb Group of Insurance Companies ACE USA The Harleysville Insurance Companies Nationwide Insurance Companies Donegal Insurance Companies