5 Del. C. § 797K: Insurance coverage [For application of this section, see 85 Del. Laws, c. 346, § 9].
Where this section sits in the code
- Title 5. Banking
- Banks and Trust Companies
- CHAPTER 7. Corporation Law for State Banks and Trust Companies
- Subchapter IX. Family Trust Companies [For application of this subchapter, see 85 Del. Laws, c. 346, § 9]
A family trust company shall at all times maintain a director, officer and employee dishonesty bond in the amount of at least $1,000,000. In addition, a family trust company that is subject to the minimum capital and surplus requirements under § 797F of this title shall at all times maintain general liability and errors and omissions insurance coverage in an amount of at least $5,000,000 per occurrence. The insurance coverage required by this section may be in any form and may be paid for by the family trust company or its affiliates.
Collected 2026-09-05T23:02:04Z. Source file · JSON