CHAPTER 166

APPROPRIATION - EMPLOYING AN ACTUARY IN THE INSURANCE DEPARTMENT

AN ACT MAKING APPROPRIATION TO THE STATE INSURANCE COMMISSIONER FOR THE EXPENSE OF EMPLOYING AN ACTUARY IN ACCORDANCE WITH THE PROVISIONS OF AN ACT ENTITLED, "AN ACT TO AMEND CHAPTER 20 OF THE REVISED CODE OF DELAWARE, 1935, RELATING TO THE INSURANCE DEPARTMENT BY PROVIDING FOR THE REGULATION AND CONTROL OF INSURANCE RATES AND RATING ORGANIZATIONS".

Be it enacted by the Semite and House of Representatives of the State of Delaware in General Assembly met:

Section 1. That there is hereby appropriated to the State Insurance Commissioner out of the General Fund of the State Treasury, not otherwise appropriated, the sum of Three Thousand Dollars ($3.000.00) for each of the fiscal years ending June 30, 1948 and June 30, 1949, for the payment of the expense of employing an actuary as provided by an Act entitled, "An Act to Amend Chapter 20 of the Revised Code of Delaware, 1935, Relating to the Insurance Department by Providing for the Regulation and Control of Insurance Rates and Rating Organizations"; provided, however, that all parts or portions of the sums appropriated by this Act which, on the first day of July immediately following each of the respective fiscal years, shall not have been paid out of the State Treasury, shall revert to the General Fund of the State Treasury.

Section 2. This Act shall be known as a Supplementary Appropriation Act and the moneys appropriated hereunder shall be drawn upon and paid by the State Treasurer as other moneys heretofore appropriated to the State Insurance Commissioner.

Approved April 3, 1947.