New minimum limits trigger bulletin
The Delaware Department of Insurance this week issued a reminder about implementation of the state’s new minimum liability limits for auto policies. Auto Bulletin No. 29 serves to:
- Reiterate the new limits (25/50/10), which took effect last December
- Clarify that insureds do not need to fill out a new Form A when renewing a policy with limits at or in excess of the new limits
A new Form A is needed for new business and for renewals on policies that had the old minimum limits. Auto Bulletin No. 29 also includes a copy of the new Form A, which was published last August to include the new limits.