The deferred compensation program may offer any of the following investment options and none other:
- (1) Savings accounts in federally insured banking institutions.
- (2) United States government bonds or debt instruments.
- (3) Life insurance and annuity contracts, provided the companies offering such contracts are subject to regulation by the Insurance Commissioner of the State.
- (4) Investment funds registered under the Investment Company Act of 1940.
- (5) Securities which are traded on the New York Stock Exchange National Association of Securities Dealers Automated Quotations (NASDAQ) and American Stock Exchange.
60 Del. Laws, c. 146, § 1; 72 Del. Laws, c. 204, § 14