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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.

MEMBERSHIP

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.

MANAGEMENT

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

follows:

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

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