Delaware Code Title 5. Banking § 930A. Mandatory disclosure in bank insurance policies
Current as of January 01, 2022 | Updated by FindLaw Staff
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(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.
Cite this article: FindLaw.com - Delaware Code Title 5. Banking § 930A. Mandatory disclosure in bank insurance policies - last updated January 01, 2022 | https://codes.findlaw.com/de/title-5-banking/de-code-sect-5-930a/
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