Delaware Code
Chapter 13. INVESTMENTS
§ 1327. Failure to dispose of real estate or securities; effect; penalty.

(a) Any real estate, personal property, or securities lawfully acquired and held by an insurer after expiration of the period for disposal thereof or any extension of such period granted by the Commissioner as provided in §§ 1325 and 1326 of this title, shall not be allowed as an asset of the insurer.
(b) The insurer shall forthwith dispose of any ineligible investment unlawfully acquired by it, and the Commissioner shall suspend or revoke the insurer's certificate of authority if the insurer fails to dispose of the investment within such reasonable time as the Commissioner may, by his or her order, specify.

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.