18 Del. Admin. Code § 404-4.0

Current through Register Vol. 28, No. 5, November 1, 2024

Section 404-4.0 - Permitted Usage

4.1 Insurers may utilize derivative instruments for the following purposes:

4.1.1 Hedging transactions, as defined in Section 2.0 and to the extent permitted by Section 5.0 of this regulation;

4.1.2 Income generation transactions, as defined in Section 2.0 and to the extent permitted by Section 6.0 of this regulation; and

4.1.3 Replication (synthetic asset) transactions, as defined in Section 2.0 and to the extent permitted by Section 7.0 of this regulation.

4.2 A derivative instrument that complies with this regulation is an eligible investment and does not need to otherwise qualify under another provision of18Del.C.Chapter 13. Derivative instruments shall not be included as miscellaneous investments for purposes of 18Del.C.§ 1320.

18 Del. Admin. Code § 404-4.0

18 DE Reg. 393 (11/1/2014) (Final)