AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS.
Summary
Delaware’s capital and surplus requirements for insurers have been in place for over fifty years and are currently among the lowest in the country. This bill increases the minimum amount of capital stock and free surplus an insurer must possess and maintain in order to transact business in the State of Delaware, making them more in line with other jurisdictions.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2023
Committee Review
Apr 2023
House Passage
Apr 2023
Senate Passage
May 2023
Signed into Law
May 2023
Introduced Jan 12, 2023
Signed May 25, 2023
Floor votes · Senate May 11, 2023 · House Apr 4, 2023
How they voted
20–0
Passed
Total votes 20
May 11, 2023
D
Democratic14
100% Yea
R
Republican6
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
7
Key actions
5
Committee
2
May 25, 2023
Signed into law
Signed by Governor
executive
May 11, 2023
Upper · Passed
Passed By Senate. Votes: 21 YES
upper
Apr 26, 2023
Upper · Passed
Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 1 Favorable, 4 On Its Merits
upper
Apr 4, 2023
Introduced
Assigned to Banking, Business, Insurance & Technology Committee in Senate
upper
Apr 4, 2023
Lower · Passed
Passed By House. Votes: 38 YES 3 ABSENT
lower
Jan 18, 2023
Lower · Passed
Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 11 On Its Merits
lower
Jan 12, 2023
Introduced
Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
lower
7 primary · 0 co-sponsors
Sponsors
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