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]

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.

Tracking Information

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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


Roll Calls

2015-06-17 - Senate - Senate Third Reading (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2015-06-24HouseSigned by Governor
2015-06-17SenatePassed by Senate. Votes: Passed 21 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2015-06-10SenateReported Out of Committee (INSURANCE & TELECOMMUNICATIONS) in Senate with 5 On Its Merits
2015-06-03SenateAssigned to Insurance & Telecommunications Committee in Senate
2015-05-14HousePassed by House of Representatives. Votes: Passed 37 YES 0 NO 0 NOT VOTING 4 ABSENT 0 VACANT
2015-05-06HouseReported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 1 Favorable, 7 On Its Merits
2015-05-05HouseIntroduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House

Delaware State Sources


Bill Comments

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