Delaware Statutes
§ 1304 — Authorization; record of investments
An insurer shall not make any investment or loan (other than policy loans or annuity contract loans of a life insurer) unless the same is authorized or approved by the insurer’s board of directors or by a committee thereof charged with supervision of investments and loans. The insurer shall maintain a full record of each investment.
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Legislative History
18 Del. C. 1953, § 1304; 56 Del. Laws, c. 380, § 1 ; 59 Del. Laws, c. 79, § 3
Nearby Sections
15
§ 1301
Scope of chapter§ 1302
Eligible investments§ 1303
General qualifications§ 1305
Diversification§ 1306
Public obligations§ 1308
Corporate obligations§ 1312
Insurance stocks§ 1313
Stock of subsidiaries