As used in this chapter, unless the context requires otherwise:

(1) “Commissioner” means the State Bank Commissioner.

(2) “Insured institution” means an insured depository institution (as defined in the Federal Deposit Insurance Act at 12 U.S.C. § 1813(c)(2)) or an insured credit union (as defined in the Federal Credit Union Act at 12 U.S.C. § 1752(7)) authorized by law to do business in this State.

(3) “Preneed burial contract” means a contract which has for a purpose the furnishing or performance of funeral services or the furnishing or delivery of personal property, merchandise or services of any nature in connection with the final disposition of a dead human body for future use at a time determinable by the death of the person whose body is to be disposed of, but does not mean the furnishing of a cemetery lot, mausoleum or memorial.

24 Del. C. 1953, § ?3120; 58 Del. Laws, c. 415, § ?2; 63 Del. Laws, c. 145, § ?1; 71 Del. Laws, c. 19, §§ ?10, 11;