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Delaware · Through 2026-08-10 (85 Del. Laws, c. 421, 424) · Newer source version available

18 Del. C. § 1330: Personal property.

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Where this section sits in the code
  1. Title 18. Insurance Code
  2. Insurance
  3. CHAPTER 13. Investments

An insurer may invest in tangible personal property, or interests therein evidenced by trust certificates or other instruments, and a right to receive rental, charter hire, purchase or other payments for the use or purchase of such personal property adequate to return the investment and payable or guaranteed by 1 or more governmental units or instrumentalities whose obligations would qualify for investment under § 1306 of this title (public obligations) or 1 or more institutions whose obligations would qualify for investment under § 1308(a) or under § 1308(c)(2) or (4) of this title (corporate obligations). No insurer shall make an investment pursuant to this section if the aggregate amount so invested will exceed 5% of its assets or if the aggregate amount so invested as to which such rental, charter hire, purchase or other payments are payable or guaranteed by any 1 governmental unit or instrumentality other than the United States or Canada or any 1 institution will exceed 1% of such sets.

Collected 2026-09-05T23:02:24Z. Source file · JSON

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