Current through 2024 Legislative Session Act Chapter 531
Section 2405A - Application for license-Form, fee, and accompanying documents(a) An application for license as a provider must be in a form prescribed by the Attorney General.(b) An application for a license as a provider must be accompanied by: (1) A nonrefundable fee of $2,000, which shall be deposited in the State Treasury to the credit of the State Consumer Protection Fund created under § 2527 of this title;(2) The bond required by § 2413A of this title;(3) Identification of all trust accounts required by § 2422A of this title, an irrevocable consent authorizing the Attorney General to review and examine the trust accounts, and the overdraft notification agreement required by § 2422A of this title;(4) Evidence of insurance in the amount of $250,000:(A) Against the risks of dishonesty, fraud, theft, and other misconduct on the part of the applicant or a director, employee, or agent of the applicant;(B) Issued by an insurance company authorized to do business in this state and rated at least A by a nationally recognized rating organization;(C) With no greater than a $5,000 deductible; and(D) Naming the Attorney General as an additional interested party to receive notice upon cancellation of the policy. 75 Del. Laws, c. 430, § 1; 76 Del. Laws, c. 146, §§ 3, 4, 6.;