FORMERLY
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE :
Section 1. Amend §1321(a), Title 18 of the Delaware Code by striking the term “10%” where it appears in the second sentence of §1321(a) and by substituting in lieu thereof “15%”; and by adding the following sentence at the end of subsection (a):
“The Commissioner may promulgate regulations which permit, after thorough and appropriate review on a case-by-case basis, a life insurer domiciled in Delaware to increase its aggregate limit on foreign investments to 20%.”.
