CHAPTER 306

INSURANCE DEPARTMENT - INCREASING SALARY OF COMMISSIONER AND AUTHORIZING APPOINTMENT OF ASSISTANTS

AN ACT TO AMEND CHAPTER 12 OF THE REVISED CODE OF DELAWARE, 1935, AS AMENDED, ENTITLED, "SALARIES OF STATE OFFICERS", BY INCREASING THE SALARY OF THE STATE INSURANCE COMMISSIONER AND AUTHORIZING THE STATE INSURANCE COMMISSIONER TO APPOINT CERTAIN ASSISTANTS AND PROVIDING FOR THE SALARIES THEREOF.

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

Section 1. That 368. Sec. 6 of Chapter 12 of the Revised Code of Delaware, 1935, as amended, be and the same is hereby further amended by striking out and repealing all of 368. Sec. 6. of said Chapter and by inserting and enacting in lieu thereof a new 368. Sec. 6. as follows:

368. Sec. 6. Insurance Commissioner; Deputy; Clerk; Contingent Expenses; Balance to Revert; Fees for Use of State:

--The Insurance Commissioner shall receive as full compensation for all the duties required of him by law, the. sum of Six Thousand Dollars ($6,000.00) per annum. The Insurance Commissioner is hereby authorized and empowered to appoint a Deputy at an annual salary of Three Thousand Dollars ($3,000.00) to be paid in monthly installments, who shall take the oath of office and have power to act in the absence or disability of the Insurance Commissioner when so designated by that official, and may at all times counter-sign checks and drafts in the name of the Insurance Commissioner if so authorized by that official; but he shall at all times be removable by the Insurance Commissioner. Before entering upon any duties as a Deputy to the Insurance Commissioner, the Deputy so appointed shall give bond similar to the bond entered into by the Insurance Commissioner and approved by the same officials who approved the bond of the Insurance Commissioner, in the sum of Five Thousand Dollars ($5,000.00). The Insurance Commissioner shall also be allowed to appoint a clerk who shall receive the sum of Fifteen Hundred Dollars ($1500.00) per annum. He shall also be allowed the sum of Two Thousand Dollars ($2,000.00) per annum to be used as a contingent fund for the necessary expenses incurred by him in the performance of the duties of his office, but only such part of the contingent fund may be used as is actually required for such expenses, and the unexpended part thereof shall revert to the State Treasury. All fees of every character received by him in the discharge of his office or by virtue thereof, shall be for use of the State, and he shall render an account thereof and pay over the same to the State Treasury as provided by law.

Section 3. All Acts or parts of Acts inconsistent herewith are hereby repealed to the extent of such inconsistencies.

Approved April 17, 1947.