<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-1A
File No. 33-11235
File No. 811-4977
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 X
Pre-Effective Amendment No.
--
Post-Effective Amendment No. 30 X
--
AND
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 X
Amendment No. 30
--
VOYAGEUR INSURED FUNDS
--------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
1818 Market Street, Philadelphia, Pennsylvania 19103
---------------------------------------------- ----------
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including Area Code: (215) 255-1255
--------------
Eric E. Miller, Esquire, 1818 Market Street, Philadelphia, PA 19103
-------------------------------------------------------------------
(Name and Address of Agent for Service)
Approximate Date of Public Offering: November 1, 1999
----------------
It is proposed that this filing will become effective:
____ immediately upon filing pursuant to paragraph (b)
X on November 1, 1999 pursuant to paragraph (b)
----
____ 60 days after filing pursuant to paragraph (a)(1)
____ on (date) pursuant to paragraph (a)(1)
____ 75 days after filing pursuant to paragraph (a)(2)
____ on (date) pursuant to paragraph (a)(2) of Rule 485
If appropriate:
____ this post-effective amendment designates a new effective date for a
previously filed post-effective amendment
<PAGE>
--- C O N T E N T S ---
This Post-Effective Amendment No. 30 to Registration File No. 33-11235 includes
the following:
1. Facing Page
2. Contents Page
3. Part A - Prospectus(1)
4. Part B - Statement of Additional Information(1)
5. Part C - Other Information(2)
6. Signatures
This Post-Effective Amendment relates to the Registrant's two series of
shares and their classes: Delaware Minnesota Insured Fund - Delaware
Minnesota Insured Fund A Class, Delaware Minnesota Insured Fund B Class,
Delaware Minnesota Insured Fund C Class; and Delaware Tax-Free Arizona
Insured Fund - Delaware Tax-Free Arizona Insured Fund A Class, Delaware
Tax-Free Arizona Insured Fund B Class, Delaware Tax-Free Arizona Insured
Fund C Class.
(1) The Registrant's Prospectus and Statement of Additional Information are
incorporated into this filing by reference to the electronic filing of
Post-Effective Amendment No. 24 to the Registration Statement of Voyageur
Mutual Funds filed November 1, 1999.
(2) Items 26(a) and 27 to Part C are incorporated into this filing by
reference to the electronic filing of Post-Effective Amendment No. 24 to
the Registration Statement of Voyageur Mutual Funds filed November 1,
1999.
<PAGE>
PART C
Other Information
Item 23. Exhibits
(a) Agreement and Declaration of Trust.
(1) Agreement and Declaration of Trust (December 17, 1998) incorporated
into this filing by reference to Post-Effective Amendment No. 29
filed August 16, 1999.
(2) Certificate of Trust (December 17, 1998) incorporated into this
filing by reference to Post-Effective Amendment No. 29 filed August
16, 1999.
(b) By-Laws. By-Laws (December 17, 1998) incorporated into this filing by
reference to Post-Effective Amendment No. 29 filed August 16, 1999.
(c) Copies of All Instruments Defining the Rights of Holders.
(1) Agreement and Declaration of Trust. Articles III, V and VI of
Agreement and Declaration of Trust incorporated into this filing by
reference to Post-Effective Amendment No. 29 filed August 16, 1999.
(2) By-Laws. Article II of By-Laws attached as incorporated into this
filing by reference to Post-Effective Amendment No. 29 filed August
16, 1999.
(d) Investment Management Agreement.
(1) Form of Investment Management Agreement (November 1999) between
Delaware Management Company and the Registrant incorporated into
this filing by reference to Post-Effective Amendment No. 29 filed
August 16, 1999.
(e) (1) Distribution Agreement.
(i) Form of Distribution Agreement (November 1999) between Delaware
Distributors, L.P. and the Registrant on behalf of each Series
incorporated into this filing by reference to Post-Effective
Amendment No. 25 filed August 28, 1997.
(2) Administration and Service Agreement. Form of Administration and
Service Agreement (as amended November 1995) (Module) incorporated
into this filing by reference to Post-Effective Amendment No. 25
filed August 28, 1997.
(3) Dealer's Agreement. Dealer's Agreement (as amended November 1995)
(Module) incorporated into this filing by reference to
Post-Effective Amendment No. 25 filed August 28, 1997.
<PAGE>
(4) Mutual Fund Agreement for the Delaware Group of Funds (as amended
November 1995) (Module) incorporated into this filing by reference
to Post-Effective Amendment No. 25 filed August 28, 1997.
(f) Inapplicable.
(g) Custodian Agreement.
(1) Form of Custodian Contract with Norwest Bank Minnesota N.A.
(November 1999) incorporated into this filing by reference to Post-
Effective Amendment No. 23 filed April 30, 1996.
(h) Other Material Contracts.
(1) Form of Shareholder Services Agreement (November 1999) between
Delaware Service Company, Inc. and the Registrant on behalf of each
Fund (Module) incorporated into this filing by reference to
Post-Effective Amendment No. 25 filed August 28, 1997.
(2) Form of Fund Accounting Agreement (November 1999) between Delaware
Service Company, Inc. and the Registrant on behalf of each Fund
(Module) incorporated into this filing by reference to
Post-Effective Amendment No. 25 filed August 28, 1997.
(i) Opinion of Counsel. incorporated into this filing by reference to
Post-Effective Amendment No. 29 filed August 16, 1999.
(j) Consent of Auditors. Attached as Exhibit.
(k) Inapplicable.
(l) Letter of Investment Intent incorporated into this filing by reference
to Post-Effective Amendment No. 2 filed on April 20, 1987.
(m) Plans under Rule 12b-1.
(1) Form of Plan under Rule 12b-1 for Class A, B and C Shares (November
1999) on behalf of each Series incorporated into this filing by
reference to Post-Effective Amendment No. 23 filed April 30, 1996.
(n) Plan under Rule 18f-3.
(2) Form of Plan under Rule 18f-3 (November 1999) incorporated into
this filing by reference to Post-Effective Amendment No. 26 filed
April 29, 1998.
<PAGE>
(o) Other: Trustees' Power of Attorney. Incorporated into this filing by
reference to Post-Effective Amendment No. 29 filed August 16, 1999.
Item 24. Persons Controlled by or under Common Control with Registrant. None.
Item 25. Indemnification. Article VI of the By-Laws incorporated into this
filing by reference to Post-Effective Amendment No. 29 filed August 16,
1999.
Item 26. Business and Other Connections of Investment Adviser.
Delaware Management Company, a series of Delaware Management Business
Trust, (the "Manager") serves as investment manager to the Registrant and also
serves as investment manager or sub-adviser to certain of the other funds in
the Delaware Investments family (Delaware Group Equity Funds I, Inc., Delaware
Group Equity Funds II, Inc., Delaware Group Equity Funds III, Delaware Group
Equity Funds IV, Inc., Delaware Group Equity Funds V, Inc., Delaware Group
Government Fund, Inc., Delaware Group Income Funds, Inc., Delaware Group
Limited-Term Government Funds, Inc., Delaware Group Tax-Free Fund, Delaware
Group State Tax-Free Income Trust, Delaware Group Tax-Free Money Fund, Delaware
Group Premium Fund, Inc., Delaware Group Global & International Funds, Inc.,
Delaware Pooled Trust, Inc., Delaware Group Adviser Funds, Inc., Delaware Group
Dividend and Income Fund, Inc., Delaware Group Global Dividend and Income Fund,
Inc., Delaware Group Foundation Funds, Inc., Voyageur Intermediate Tax Free
Funds, Voyageur Tax Free Funds, Voyageur Funds, Inc., Voyageur Investment Trust,
Voyageur Investment Trust II, Voyageur Mutual Funds, Voyageur Mutual Funds II,
Voyageur Mutual Funds III, Inc., Voyageur Arizona Municipal Income Fund, Inc.,
Voyageur Colorado Insured Municipal Income Fund, Inc., Voyageur Florida Insured
Municipal Income Fund, Voyageur Minnesota Municipal Fund, Inc., Voyageur
Minnesota Municipal Fund II, Inc. and Voyageur Minnesota Municipal Fund III,
Inc.). In addition, certain officers of the Manager also serve as
directors/trustees of the other funds in the Delaware Investments family, and
certain officers are also officers of these other funds. A company indirectly
owned by the Manager's indirect parent company acts as principal underwriter to
the mutual funds in the Delaware Investments family (see Item 29 below) and
another such company acts as the shareholder services, dividend disbursing,
accounting servicing and transfer agent for all of the mutual funds in the
Delaware Investments family.
Item 26(a) incorporated into this filing by reference to Post-Effective
Amendment No. 24 to the Registration Statement of Voyageur Mutual Funds filed
November 1, 1999.
Item 27. Principal Underwriters. Incorporated into this filing by reference
to Post-Effective Amendment No. 24 to the Registration Statement of
Voyageur Mutual Funds filed November 1, 1999.
Item 28. Location of Accounts and Records.
All accounts and records are maintained in Philadelphia at 1818 Market
Street, Philadelphia, PA 19103, One Commerce Square, Philadelphia, PA
19103 or 90 South Seventh Street, Minneapolis, Minnesota 55402.
<PAGE>
Item 39. Management Services. None.
Item 30. Undertakings. Inapplicable.
<PAGE>
SIGNATURES
----------
Pursuant to the requirements of the Securities Act of 1933 and the Investment
Company Act of 1940, this Registrant certifies that it meets all of the
requirements for effectiveness of this Registration Statement pursuant to Rule
485(b) under the Securities Act of 1933 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in this City of Philadelphia, Commonwealth of Pennsylvania on this
21st day of October, 1999.
VOYAGEUR INSURED FUNDS
By /s/David K. Downes
----------------------------
David K. Downes
President and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement has been signed below by the following persons in the capacities and
on the dates indicated:
<TABLE>
<CAPTION>
Signature Title Date
--------- ----- ----
<S> <C> <C>
/s/David K. Downes President/Chief Executive Officer/
- --------------------------------------- Chief Operating Officer/Chief Financial October 21, 1999
David K. Downes Officer (Principal Executive Officer,
Principal Financial Officer and Principal
Accounting Officer) and Trustee
/s/Wayne A. Stork Trustee October 21, 1999
- ---------------------------------------
Wayne A. Stork
/s/Walter P. Babich * Trustee October 21, 1999
- ---------------------------------------
Walter P. Babich
/s/ Anthony D. Knerr * Trustee October 21, 1999
- ---------------------------------------
Anthony D. Knerr
/s/ Ann R. Leven * Trustee October 21, 1999
- ---------------------------------------
Ann R. Leven
/s/Thomas F. Madison * Trustee October 21, 1999
- ---------------------------------------
Thomas F. Madison
/s/Charles E. Peck * Trustee October 21, 1999
- ---------------------------------------
Charles E. Peck
/s/Janet L. Yeomans * Trustee October 21, 1999
- ---------------------------------------
Janet L. Yeomans
</TABLE>
*By: /s/David K. Downes
-----------------------
David K. Downes
As Attorney-in-Fact for
each of the persons indicated
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Exhibits
to
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
<PAGE>
INDEX TO EXHIBITS
Exhibit No. Exhibit
- ----------- -------
EX-99.J Consent of Auditors
<PAGE>
Consent of Ernst & Young LLP, Independent Auditors
We consent to the references to our firm under the captions "Financial
Highlights" in the Prospectuses and "Financial Statements" in the Statements of
Additional Information and to the incorporation by reference in this
Post-Effective Amendment No. 30 to the Registration Statement (Form N-1A) (No.
33-11235) of Voyageur Insured Funds, Inc. (comprised of Delaware Tax-Free
Arizona Insured Fund and Delaware Minnesota Insured Fund) of our reports dated
October 1, 1999, included in the 1999 Annual Reports to shareholders.
/s/Ernst & Young LLP
- -----------------------------
Ernst & Young LLP
Philadelphia, Pennsylvania
October 27, 1999
<PAGE>
Report of Independent Auditors
To the Shareholders and Board of Directors
Voyageur Mutual Funds, Inc. -- Delaware Tax-Free Arizona Fund
Voyageur Insured Funds, Inc. -- Delaware Tax-Free Arizona Insured Fund
Voyageur Mutual Funds, Inc. -- Delaware Tax-Free California Fund
Voyageur Investment Trust -- Delaware Tax-Free California Insured Fund
Voyageur Mutual Funds II, Inc. -- Delaware Tax-Free Colorado Fund
Voyageur Investment Trust -- Delaware Tax-Free New Mexico Fund
We have audited the accompanying statements of net assets of Delaware Tax-Free
Arizona Fund, Delaware Tax-Free Arizona Insured Fund, Delaware Tax-Free
California Fund, Delaware Tax-Free California Insured Fund, Delaware Tax-Free
Colorado Fund and Delaware Tax-Free New Mexico Fund (the "Funds") and the
statement of assets and liabilities for the Delaware Tax-Free Arizona Insured
Fund and Delaware Tax-Free California Insured Fund as of August 31, 1999, and
the related statements of operations for the year then ended, the statements of
changes in net assets for each of the periods indicated therein, and the
financial highlights for each of the periods presented from January 1, 1997
through August 31, 1999. These financial statements and financial highlights are
the responsibility of the Funds' management. Our responsibility is to express an
opinion on these financial statements and financial highlights based on our
audits. The financial highlights for the periods presented through December 31,
1996 were audited by other auditors whose reports thereon dated February 14,
1997 expressed unqualified opinions on those financial highlights.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements and financial
highlights are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements and financial highlights. Our procedures included confirmation of
securities owned as of August 31, 1999, by correspondence with the custodian and
brokers. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the financial statements and financial highlights referred to
above present fairly, in all material respects, the financial position of each
of the respective Funds at August 31, 1999, the results of their operations for
the year then ended, the changes in their net assets for each of the periods
indicated therein, and their financial highlights for each of the periods
presented from January 1, 1997 through August 31, 1999, in conformity with
generally accepted accounting principles.
/s/ Ernst & Young LLP
- ---------------------
Ernst & Young LLP
Philadelphia, Pennsylvania
October 1, 1999
A1.1--Arizona Opinion
<PAGE>
Report of Independent Auditors
To the Shareholders and Board of Directors
Voyageur Tax-Free Funds, Inc. -- Delaware Tax-Free Minnesota Fund
Voyageur Insured Funds, Inc. -- Delaware Minnesota Insured Fund
Voyageur Intermediate Tax-Free Funds, Inc. -- Delaware Tax-Free Minnesota
Intermediate Fund
Voyageur Mutual Funds, Inc. -- Delaware Minnesota High Yield Municipal Bond Fund
We have audited the accompanying statements of net assets of Delaware Tax-Free
Minnesota Fund, Minnesota Insured Fund, Delaware Tax-Free Minnesota
Intermediate Fund and Delaware Minnesota High Yield Municipal Bond Fund (the
"Funds") as of August 31, 1999, and the related statements of operations for the
year then ended, the statements of changes in net assets for each of the periods
indicated therein, and the financial highlights for each of the periods
presented from January 1, 1997 through August 31, 1999. These financial
statements and financial highlights are the responsibility of the Funds'
management. Our responsibility is to express an opinion on these financial
statements and financial highlights based on our audits. The financial
highlights for the periods presented through December 31, 1996 were audited by
other auditors whose reports thereon dated February 14, 1997 expressed
unqualified opinions on those financial highlights.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements and financial
highlights are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements and financial highlights. Our procedures included confirmation of
securities owned as of August 31, 1999, by correspondence with the custodian and
brokers. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the financial statements and financial highlights referred to
above present fairly, in all material respects, the financial position of each
of the respective Funds at August 31, 1999, the results of their operations for
the year then ended, the changes in their net assets for each of the periods
indicated therein, and their financial highlights for each of the periods
presented from January 1, 1997 through August 31, 1999, in conformity with
generally accepted accounting principles.
/s/ Ernst & Young LLP
- ---------------------
Ernst & Young LLP
Philadelphia, Pennsylvania
October 1, 1999
