(a) An insurer may make loans or investments not otherwise expressly permitted under this chapter, in an aggregate amount not over 10% of the insurer's assets, if such loan or investment fulfills the requirements of § 1303 of this title and otherwise qualifies as a sound investment. No such loan or investment shall be represented by:
(1) Any item described in § 1102 (assets not allowed) of this title, or any loan or investment otherwise expressly prohibited;
(2) Agents' balances or amounts advanced to or owing by agents, except as to policy loans, mortgage loans and collateral loans otherwise authorized under this chapter;
(3) Loans or investments expressly eligible under any other provision of this chapter;
(4) Any asset theretofore acquired or held by the insurer under any other category of loans or investments eligible under this chapter.
(b) The insurer shall keep a separate record of all loans and investments made under this section.
Structure Delaware Code
§ 1303. General qualifications.
§ 1304. Authorization; record of investments.
§ 1307. Obligations and stock of certain federal and international agencies.
§ 1308. Corporate obligations.
§ 1309. Corporate obligations; terms defined.
§ 1310. Preferred or guaranteed stocks.
§ 1311. Common stocks; limited partnerships.
§ 1313. Stock of subsidiaries.
§ 1314. Common trust funds; mutual funds.
§ 1315. Bankers' acceptances; bills of exchange.
§ 1316. Equipment trust certificates.
§ 1319. Savings and share accounts.
§ 1320. Miscellaneous investments.
§ 1321. Investments in foreign countries.
§ 1322. Special investments of title insurers.
§ 1323. Real estate mortgages.
§ 1325. Time limit for disposal of real estate.
§ 1326. Time limit for disposal of other ineligible property and securities.
§ 1327. Failure to dispose of real estate or securities; effect; penalty.
§ 1328. Prohibited investments and investment underwriting.
§ 1329. Investments of foreign insurers.
§ 1333. Rules and regulations [For application of this section, see 79 Del. Laws, c. 207, § 3].