1. Delaware's chief insurance regulator, who oversees both life and health insurers, obtains the office through:

A statewide election by Delaware voters

In Delaware the Insurance Commissioner is elected statewide by the voters, making the office directly accountable to the public.

2. Coverage placed with a nonadmitted insurer because it is unavailable from admitted Delaware insurers is known as:

Surplus lines insurance

Surplus lines insurance is placed with an eligible nonadmitted insurer when coverage cannot be obtained in the admitted market.

3. An insurer that has received a certificate of authority to transact business in Delaware is referred to as a(n):

Admitted or authorized insurer

An admitted (authorized) insurer holds a certificate of authority allowing it to transact insurance in the state.

4. An insurer organized under the laws of another U.S. state but operating in Delaware is classified in Delaware as a(n):

Foreign insurer

A foreign insurer is one formed under the laws of another state, as opposed to a domestic (Delaware) or alien (other-country) insurer.