Delaware § 2729 Retention of proceeds of policy by company

Delaware Statutes

§ 2729 — Retention of proceeds of policy by company

Delaware § 2729

JurisdictionDelaware

Title18

PartInsurance

Ch. 27THE INSURANCE CONTRACT

Subch.Insurance Contracts Generally

This text of Delaware § 2729 (Retention of proceeds of policy by company) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 18, § 2729 (2026).

Text

(a)Any life insurer shall have power to hold payment of proceeds, as shall have been agreed to in writing by the insurer and the insured or beneficiary. The insurer shall not be required to segregate funds so held but may hold them as a part of its general corporate assets.

(b)The provisions of this section shall not impair or affect any rights of creditors under §§ 2725-2728 of this title.

Free access — add to your briefcase to read the full text and ask questions with AI