Without additional capital or additional surplus, an authorized insurer is also authorized:

1. (1) If a life insurer, to grant annuities or issue funding agreements;
2. (2) If a health insurer, to insure against congenital defects, as defined in § 906(a)(12) of this title;
3. (3) If a casualty insurer, to transact also health insurance. Except, that this provision shall not apply to a domestic insurer authorized to transact casualty insurance pursuant to § 511(a)(1) of this title.

18 Del. C. 1953, § 512; 56 Del. Laws, c. 380, § 1; 80 Del. Laws, c. 268, § 1