5 Del. C. § 930A
This is the official text of 5 Del. C. § 930A, part of Delaware’s Del. C — part of the compiled statutory law of Delaware, published by the state as "Del. C." Browse the sections below, each linked to its official government source.
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§ Â 930A. Mandatory disclosure in bank insurance policies.
Official statutory text
(a) Any bank or trust company issuing policies of insurance either directly or through a division or subsidiary, shall disclose or cause to be disclosed to all applicants for such policies and to all policyholders that such policies, if and when issued, are not direct liabilities of such bank or trust company, and that only the assets of the insurance division or subsidiary issuing such policy are applicable to the payment and satisfaction of such policies or claims made thereunder.
(b) The Commissioner shall by regulation provide for the adequate disclosure of the information set forth in subsection (a) of this section.
(b) The Commissioner shall by regulation provide for the adequate disclosure of the information set forth in subsection (a) of this section.
Status: in_force · Read it on the official government site
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