This Regulation shall apply in circumstances involving the delivery or issuance for delivery in this State of corporate owned life insurance policies pursuant to 18 Del.C. § 2708(4) issued without the consent of the insured, and insuring the lives of those individuals who participate, or are eligible to participate, in a welfare plan established and maintained for the benefit of employees pursuant to the Federal Employee Retirement Income Security Act of 1984 ("ERISA").
18 Del. Admin. Code § 1211-3.0