HB 46 Delaware House · 152nd General Assembly (2023-2024)

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

Summary

This bill reflects the National Association of Insurance Commissioner’s revisions to the Model Credit for Reinsurance Act giving the Commissioner express regulatory authority to address the handling and treatment of reinsurance agreements entered into, directly or indirectly, with life and health insurer-affiliated captives, special purpose vehicles or similar entities, including the authority to promulgate model regulations adopted by the NAIC that are required for the Department to meet accreditation.

Bill status signed all 5 stages cleared

Introduction

Jan 2023

Committee Review

Mar 2023

House Passage

Jan 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 Jan 26, 2023

How they voted

20–0

Passed

Total votes 20

May 11, 2023

D Democratic14

14 Yea

100% Yea

R Republican6

6 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 25, 2023

Signed into law

Signed by Governor

executive

May 11, 2023

Upper · Passed

Passed By Senate. Votes: 21 YES

upper

Mar 15, 2023

Upper · Passed

Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 8 On Its Merits

upper

Jan 26, 2023

Introduced

Assigned to Banking, Business, Insurance & Technology Committee in Senate

upper

Jan 26, 2023

Lower · Passed

Passed By House. Votes: 40 YES 1 ABSENT

lower

Jan 18, 2023

Lower · Passed

Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 12 On Its Merits

lower

Jan 12, 2023

Introduced

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

lower

6 primary · 0 co-sponsors