DE SB53

Adds new section 1333 to Delaware Code Title 18, Chapter 13 to allow well-capitalized insurers to make additional loans and investments exceeding normal aggregate investment limitations.

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.

Prohibits investments in assets not allowed under section 1102, expressly prohibited investments, or derivatives; requires separate record-keeping for all such additional investments.

Total additional investments cannot exceed 200% of existing aggregate limitations, and investment calculations exclude reverse repurchase transactions, securities lending transactions, dollar roll transactions, and borrowed money.