SENATE BILL NO. 506
AN ACT TO AMEND SECTIONS 1706 AND 1715, CHAPTER 17 OF TITLE 18, DELAWARE CODE, RELATIVE TO THE LICENSING OF LIMITED REPRESENTATIVES.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend subsection (a) of Section 1706, Chapter 17 of Title 18, Delaware Code, by striking the phrase "lines of insurance as it appears therein, and inserting in lieu thereof the following language: "lines of authority, and only those lines of authority, specified in subsection (b) of Section 1715 of this Chapter."
Section 2. Amend subsection (b) of Section 1715, Chapter 17 of Title 18, Delaware Code, by adding the following language:
"(4) Title insurance - Code No. 7, as defined in 5908 of this Title, when such insurance is placed by an attorney admitted to the practice of law in this State.
(5) Fixed or guaranteed annuities - Code No. 14, when placed by an individual who serves as an agent, as defined by §7302 (a) (2), Chapter 73, Title 6, Delaware Code, of a New York Stock Exchange member-broker, as defined by §7302, (a) (3) Chapter 73, Title 6, Delaware Code."
Approved June 27 1980.