DE HB453 | 2009-2010 | 145th General Assembly
Status
Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Passed on August 18 2010 - 100% progression
Action: 2010-08-18 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Passed on August 18 2010 - 100% progression
Action: 2010-08-18 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]
Summary
This Act updates the provisions of the Delaware Insurance Code governing the conversion of a mutual insurer to a stock insurer. It is intended that new Chapter [49A] will facilitate the recapitalization of the insurance industry nationally by establishing a proven method of capital formation for insurance companies that elect to domicile in Delaware.
Title
An Act To Amend Title 18 Of The Delaware Code Relating To The Conversion Of A Mutual Insurer To A Stock Insurer.
Sponsors
| Rep. Michael Barbieri [D] | Sen. Patricia Blevins [D] | Rep. Quinton Johnson [D] | Rep. Thomas Kovach [R] |
| Rep. Bryon Short [D] |
Roll Calls
2010-06-29 - Senate - Senate Third Reading (Y: 20 N: 0 NV: 0 Abs: 1) [PASS]
2010-06-17 - House - House Third Reading (Y: 38 N: 0 NV: 0 Abs: 3) [PASS]
2010-06-17 - House - House Third Reading (Y: 38 N: 0 NV: 0 Abs: 3) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2010-08-18 | Signed by Governor | |
| 2010-06-29 | Passed by Senate. Votes: Passed 20 YES 0 NO 0 NOT VOTING 1 ABSENT 0 VACANT | |
| 2010-06-24 | Reported Out of Committee (JUDICIARY) in Senate with 5 On Its Merits | |
| 2010-06-23 | Assigned to Judiciary Committee in Senate | |
| 2010-06-17 | Passed by House of Representatives. Votes: Passed 38 YES 0 NO 0 NOT VOTING 3 ABSENT 0 VACANT | |
| 2010-06-16 | Reported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 5 Favorable, 4 On Its Merits | |
| 2010-06-08 | Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House |
