Delaware Code
Chapter 13. INVESTMENTS
§ 1326. Time limit for disposal of other ineligible property and securities.

Any personal property or securities lawfully acquired by an insurer, which it could not otherwise have invested in or loaned its funds upon at the time of such acquisition, shall be disposed of within 5 years from date of acquisition, unless within such period the security has attained to the standard of eligibility; except, that any security or personal property acquired under any agreement of bulk reinsurance, merger or consolidation may be retained for a longer period if so provided in the plan for such reinsurance, merger or consolidation as approved by the Commissioner under Chapter 49 of this title. The Commissioner may by order grant, from time to time, reasonable extensions of the period, as specified in any such order, within which an insurer shall dispose of any such property or security.

Structure Delaware Code

Delaware Code

Title 18 - Insurance Code

Chapter 13. INVESTMENTS

§ 1301. Scope of chapter.

§ 1302. Eligible investments.

§ 1303. General qualifications.

§ 1304. Authorization; record of investments.

§ 1305. Diversification.

§ 1306. Public obligations.

§ 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.

§ 1312. Insurance stocks.

§ 1313. Stock of subsidiaries.

§ 1314. Common trust funds; mutual funds.

§ 1315. Bankers' acceptances; bills of exchange.

§ 1316. Equipment trust certificates.

§ 1317. Policy loans.

§ 1318. Collateral loans.

§ 1319. Savings and share accounts.

§ 1320. Miscellaneous investments.

§ 1321. Investments in foreign countries.

§ 1322. Special investments of title insurers.

§ 1323. Real estate mortgages.

§ 1324. Real estate.

§ 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.

§ 1330. Personal property.

§ 1331. Secured obligations.

§ 1332. Production payments.

§ 1333. Rules and regulations [For application of this section, see 79 Del. Laws, c. 207, § 3].

§ 1334. Additional investments.