RULE XI – THREE YEAR FIXED RATE POLICY OPTION

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  1. A carrier may file a “Three-Year Fixed Rate Option” program with the Delaware Insurance Department.
  2. A policy may be issued for a period of three years at a fixed carrier rate, provided the risk is not eligible for the Experience Rating Plan on the effective date of the policy.
  3. A policy issued under an approved program shall be designated on the Information Page as follows -“THREE-YEAR FIXED RATE.”