CHAPTER 410

FORMERLY

SENATE BILL NO. 501

AN ACT TO AMEND TITLE 18, DELAWARE CODE. CHAPTER 44, TO EXCLUDE NON-RESIDENTS OF DELAWARE FROM DELAWARE LIFE AND HEALTH GUARANTY FUND PROTECTION.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section 1. Amend Title 18, Delaware Code. Chapter 44. Section 4408(1)(a) by deleting this subsection in its entirety and substituting the following in lieu thereof:

"a. Guarantee or reinsure, or cause to be guaranteed, assumed or reinsured, any or all of the covered policies of residents;"

Section 2. Amend Title 18, Delaware Code, Chapter 44, Section 4408(2)(a) by deleting this subsection in its entirety and substituting the following In lieu thereof;

"a. Guarantee. assume or reinsure, or cause to be guaranteed, assumed or reinsured the covered policies of residents:"

Section 3 This act shall become effective immediately upon its adoption.

Approved July 3, 1986.