DE SB53

Adds new Section 1333 to Delaware Title 18 Chapter 13 (Investments) to provide additional investment flexibility for well-capitalized insurance companies.

Property and casualty insurers may invest the lesser of: (i) policyholder surplus minus 400% of authorized control level risk-based capital, or (ii) 10% of cash and invested assets.

Life and health insurers may invest the lesser of: (i) policyholder surplus minus 450% of authorized control level risk-based capital, or (ii) 10% of cash and invested assets.

Additional investments cannot exceed 200% of existing aggregate limitations in Title 18 and are prohibited from including disallowed assets, expressly prohibited investments, or derivatives.

Applies only to insurers with Risk-Based Capital levels exceeding 400% of the RBC Authorized Control Level.