Delaware Statutes
§ 3209 — Application of dividends
Dividends payable from group life insurance may be used to offset any contribution made by the State in the form of money or administrative costs, including the salaries of employees working full-time on the program and any other related expenses deemed appropriate by the State Employee Benefits Committee.
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Legislative History
18 Del. C. 1953, § 3209; 56 Del. Laws, c. 380, § 1 ; 58 Del. Laws, c. 236 ; 72 Del. Laws, c. 204, § 12
Nearby Sections
15
§ 3201
“Employee” defined§ 3202
Group life insurance§ 3203
Life insurance premiums§ 3204
Eligibility and waiver§ 3205
Amount of coverage§ 3207
Legal agent of the State§ 3209
Application of dividends§ 321
Examination report§ 3211
Validity of contracts§ 322
Examination expense