HB 168 Delaware House · 151st General Assembly (2021-2022)

AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO INSURANCE INVESTMENTS.

Summary

This bill would allow insurance companies to invest in mortgages on long-term leaseholds in the jurisdictions approved by the Department of Insurance. It is the intent of the Department of Insurance that the first approved jurisdiction be the United Kingdom. In the United Kingdom real estate typically is held not in fee simple (like the US) but long-term land leases. Thirty three other states including Maryland, New Jersey, and New York have similar statues.

Bill status signed all 5 stages cleared

Introduction

Jun 2021

Committee Review

Mar 2022

House Passage

Mar 2022

Senate Passage

May 2022

Signed into Law

Jun 2022

Introduced Jun 29, 2021 Signed Jun 14, 2022

Floor votes · Senate May 11, 2022 · House Mar 17, 2022

How they voted

20–0

Passed

Total votes 20

May 11, 2022

D Democratic13

13 Yea

100% Yea

R Republican7

7 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jun 14, 2022

Signed into law

Signed by Governor

executive

May 11, 2022

Upper · Passed

Passed By Senate. Votes: 21 YES

upper

Mar 23, 2022

Upper · Passed

Reported Out of Committee (Banking, Business & Insurance) in Senate with 1 Favorable, 4 On Its Merits

upper

Mar 17, 2022

Introduced

Assigned to Banking, Business & Insurance Committee in Senate

upper

Mar 17, 2022

Lower · Passed

Passed By House. Votes: 36 YES 5 ABSENT

lower

Jan 18, 2022

Lower · Passed

Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 1 Favorable, 7 On Its Merits

lower

Jun 29, 2021

Introduced

Adopted in lieu of the original bill HB 168, and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House

lower

2 primary · 1 co-sponsor