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2022 Delaware Code
Title 18 - Insurance Code
Chapter 13. INVESTMENTS
§ 1314. Common trust funds; mutual funds.
Universal Citation: 18 DE Code § 1314 (2022)
§ 1314. Common trust funds; mutual funds. 18 Del. C. 1953, § 1314; 56 Del. Laws, c. 380, § 1; 59 Del. Laws, c. 79, § 16;
An insurer may invest in:
(1) A bank's common trust fund as defined in § 584 of the United States Internal Revenue Code of 1954 [26 U.S.C. § 584]; and
(2) The securities of any open-end or closed-end management type investment company or investment trust registered with the Federal Securities and Exchange Commission under the Investment Company Act of 1940 [15 U.S.C. § 80a-1 et seq.] as from time to time amended, if such investment company or trust has assets of not less than $25,000,000 as at date of investment by the insurer.
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