HB 44 Delaware House · 151st General Assembly (2021-2022)

AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO CREDIT FOR REINSURANCE.

Summary

This Act reflects the National Association of Insurance Commissioner’s revisions to the Model Credit for Reinsurance Act. The revisions make the law consistent with provisions of covered agreements with the European Union and United Kingdom with respect to reinsurance collateral requirements. The changes will also provide reinsurers domiciled in National Association of Insurance Commissioners-qualified jurisdictions other than within the EU (currently, Bermuda, Japan and Switzerland) with the possibility of similar reinsurance collateral reductions. This is an accreditation bill.

Bill status signed all 5 stages cleared

Introduction

Dec 2020

Committee Review

Apr 2021

House Passage

Mar 2021

Senate Passage

Jun 2021

Signed into Law

Jul 2021

Introduced Dec 18, 2020 Signed Jul 30, 2021

Floor votes · Senate Jun 29, 2021 · House Mar 18, 2021

How they voted

20–0

Passed

Total votes 20

Jun 29, 2021

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

Jul 30, 2021

Signed into law

Signed by Governor

executive

Jun 29, 2021

Upper · Passed

Passed By Senate. Votes: 21 YES

upper

Apr 21, 2021

Upper · Passed

Reported Out of Committee (Banking, Business & Insurance) in Senate with 6 On Its Merits

upper

Mar 18, 2021

Introduced

Assigned to Banking, Business & Insurance Committee in Senate

upper

Mar 18, 2021

Lower · Passed

Passed By House. Votes: 41 YES

lower

Jan 14, 2021

Lower · Passed

Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 6 Favorable, 6 On Its Merits

lower

Dec 18, 2020

Introduced

Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House

lower

2 primary · 3 co-sponsors