Delaware Statutes
§ 1318 — Collateral loans
An insurer may lend and thereby invest its funds upon the pledge of securities eligible for investment under this chapter. As at date made, no such loan shall exceed in amount 100% of the market value of such collateral pledged. The amount so loaned shall be included pro rata in determining the maximum percentage of funds permitted under this chapter to be invested in the respective categories of securities so pledged.
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Legislative History
18 Del. C. 1953, § 1318; 56 Del. Laws, c. 380, § 1 ; 59 Del. Laws, c. 79, § 18
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