Title 18 — Insurance Code
83 chapters · 1,008 sections in this title.
18 Del. C. § 5101. Scope of chapter.
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§ 5101. Scope of chapter. This chapter shall apply only with respect to securities issued by domestic stock insurers.18 Del. C. 1953, § 5101; 56 Del. Laws, c. 380, § 1;
18 Del. C. § 5102. “Equity security” defined.
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§ 5102. “Equity security” defined. The term “equity security” when used in this chapter means any stock or similar security or any security convertible, with or without consideration, into such a security or carrying any warrant or right to subscribe to or purchase such a securit…
18 Del. C. § 5103. Statement of ownership.
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§ 5103. Statement of ownership. Every person who is directly or indirectly the beneficial owner of more than 10 percent of any class of any equity security of a domestic stock insurer or who is a director or an officer of such insurer shall file with the Commissioner within 10 da…
18 Del. C. § 5104. Recovery of profits.
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§ 5104. Recovery of profits. (a) For the purpose of preventing the unfair use of information which may have been obtained by such beneficial owner, director or officer by reason of such person’s relationship to such insurer, any profit realized by such person from any purchase an…
18 Del. C. § 5105. Unlawful sale of securities.
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§ 5105. Unlawful sale of securities. No such beneficial owner, director or officer, directly or indirectly, shall sell any equity security of such insurer if the person selling the security or principal: (1) Does not own the security sold; or (2) If owning the security does not d…
18 Del. C. § 5106. Excepted securities; dealers.
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§ 5106. Excepted securities; dealers. (a) Section 5104 of this title shall not apply to any purchase and sale and § 5105 of this title shall not apply to any sale, of an equity security of a domestic stock insurer not then or theretofore held by such insurer in an investment acco…
18 Del. C. § 5107. Arbitrage transactions.
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§ 5107. Arbitrage transactions. Sections 5103, 5104 and 5105 of this title shall not apply to foreign or domestic arbitrage transactions unless made in contravention of such rules and regulations as the Commissioner may adopt in order to carry out the purposes of this chapter.18 …
18 Del. C. § 5108. Registered or closely held securities.
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§ 5108. Registered or closely held securities. Sections 5103, 5104 and 5105 of this title shall not apply to equity securities of a domestic stock insurer if: (1) Such securities shall be registered or shall be required to be registered, pursuant to § 12 of the Securities Exchang…
18 Del. C. § 5109. Rules and regulations.
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§ 5109. Rules and regulations. The Commissioner may make such rules and regulations as may be necessary for the execution of the functions vested in the Commissioner by this chapter and may for such purpose classify domestic stock insurers, securities and other persons or matters…