SENATE BILL NO. 515
AN ACT TO AMEND CHAPTER 31, PART I, TITLE 18 OF THE DELAWARE CODE RELATING TO GROUP LIFE INSURANCE: AND PERMITTING AN INSURER TO ISSUE POLICIES TO CERTAIN GROUPS.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend §3110, Chapter 31, Part I, Title 18 of Delaware Code by re-designating all of the existing section as new subsection (a) of said section.
Section 2. Amend §3110. Chapter 31, Part I, Title 18 of the Delaware Code by adding thereto a new subsection, designated u subsection (b), which new subsection shall read u follows:
"(b) An insurer may issue a group life policy under this section to any other substantially similar group which, in the discretion of the Commissioner, may be subject to the issuance of a group life policy or contract."
Approved June 30, 1986