CHAPTER 70

FORMERLY

SENATE BILL NO. 121

AN ACT TO AMEND TITLE 18, DELAWARE CODE, TO REQUIRE INSURANCE COMPANIES' CAPITAL AND SURPLUS BE IN CASH OR CASH EQUIVALENT.

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

Section 1. Amend Section 511, subsection (a), Chapter 5, Title 18 Delaware Code by inserting the words "in cash or cash equivalents" after the word "maintain" and before the words "unimpaired paid—in capital stock".

Section 2. This act shall become effective 60 days after Its adoption.

Approved June 28, 1991.