DE HB127 | 2015-2016 | 148th General Assembly
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on June 24 2015 - 100% progression
Action: 2015-06-24 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]
Spectrum: Bipartisan Bill
Status: Passed on June 24 2015 - 100% progression
Action: 2015-06-24 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]
Summary
This bill clarifies that, unless the Commissioner rules otherwise as provided by 1915 of Title 18, life insurance and health insurance can only be written by admitted insurers licensed to write those types of insurance but the other types of insurance listed under present subsection (b) of 1905 may be placed with non-admitted insurers without going through the surplus lines law. The bill is necessary in order to clarify uncertainty under present law and to preserve access to necessary markets for Delaware insureds seeking to procure coverage for those types of insurance risks listed in present subsections (b)(4) through (8) of 1905.
Title
An Act To Amend Title 18 Of The Delaware Code Relating To The Placement Of Certain Types Of Insurance With Non-admitted Insurers.
Sponsors
Rep. Bryon Short [D] | Sen. Brian Bushweller [D] | Rep. Helene Keeley [D] | Rep. Stephen Smyk [R] |
Sen. Ernesto Lopez [R] |
Roll Calls
2015-06-17 - Senate - Senate Third Reading (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2015-06-24 | House | Signed by Governor |
2015-06-17 | Senate | Passed by Senate. Votes: Passed 21 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT |
2015-06-10 | Senate | Reported Out of Committee (INSURANCE & TELECOMMUNICATIONS) in Senate with 5 On Its Merits |
2015-06-03 | Senate | Assigned to Insurance & Telecommunications Committee in Senate |
2015-05-14 | House | Passed by House of Representatives. Votes: Passed 37 YES 0 NO 0 NOT VOTING 4 ABSENT 0 VACANT |
2015-05-06 | House | Reported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 1 Favorable, 7 On Its Merits |
2015-05-05 | House | Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House |