Any domestic life insurer shall deposit with the Commissioner securities of the kind required and authorized by law for the investment of life insurance funds, for the common benefit of the holders of its “registered” policies and bonds heretofore issued, which deposit shall be held by him or her and his or her successors in office, in trust for the purposes and objects specified therein.

18 Del. C. 1953, § ?2935; 56 Del. Laws, c. 380, § ?1; 70 Del. Laws, c. 186, § ?1;