CHAPTER 177

FORMERLY

HOUSE BILL NO. 345

AS AMENDED BY HOUSE AMENDMENT NO. 1

AN ACT TO AMEND CHAPTER 13, TITLE 18 OF THE DELAWARE CODE TO EXCLUDE DELAWARE INSURERS FROM APPLICATION OF FEDERAL INVESTMENT STANDARDS.

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

Section 1. Amend Title 18, Delaware Code, Chapter 13, §1303 by adding a new subsection (d) as follows:

"(d). Except as provided in §1305(5) of this title, the limitations of this chapter shall apply to all investments described in §77r-1 of Title 15 of the United States Code.

Approved July 16, 1991.