INDUSTRIAL ACCIDENT BOARD
RELATING TO THE TRANSFER OF CERTAIN BONDS
AN ACT TO AUTHORIZE THE INDUSTRIAL ACCIDENT BOARD TO TRANSFER CERTAIN BONDS NOW HELD BY THE INDUSTRIAL ACCIDENT BOARD IN TRUST OF CERTAIN., INSURANCE CARRIERS AND SELF-INSURERS TO THE INSURANCE COMMISSIONER OF THE STATE OF DELAWARE. ,
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:
Section 1. That 6096. Sec. 26 of Chapter 175 of the Revised Code of Delaware, 1935, as amended, be further amended by adding thereto a new sentence at the end of the first paragraph thereof, as follows:
That all bonds of insurance carriers or self-insurers deposited to secure their obligations under the Delaware Workmen's Compensation Law shall be registered in the name of the State of Delaware and shall be deposited with the Insurance Commissioner of the State of Delaware.
Approved May 31, 1949.