Delaware Senate Bill 203 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Passed on September 2 2014 - 100% progression
Action: 2014-09-02 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]

This bill’s language comes directly from an NAIC Model Law for consistency across the United States and creates a new Chapter 84 under Title 18. To further enhance insurance policyholder protections, this bill will require an insurer to maintain a risk management framework to assist the insurer or an insurance group with identifying, assessing, monitoring, managing and reporting on its material and relevant risks. The bill provides an “own Risk and Solvency Assessment” (ORSA) requirement and the submission of a report under set conditions and confidentiality provisions.

An Act To Amend Title 18 Of The Delaware Code Relating To Risk Management And Own Risk And Solvency Assessment (orsa).

Sen. Brian Bushweller [D]

Rep. Bryon Short [D]

Sen. Bruce Ennis [D]

2014-07-01 - House - House Third Reading (Y: 41 N: 0 NV: 0 Abs: 0) [PASS]
2014-05-13 - Senate - Senate Third Reading (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2014-09-02	Senate	Signed by Governor
2014-07-01	House	Passed by House of Representatives. Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2014-06-04	House	Reported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 8 On Its Merits
2014-05-14	House	Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House
2014-05-13	Senate	Passed by Senate. Votes: Passed 21 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2014-05-08	Senate	Reported Out of Committee (INSURANCE) in Senate with 6 On Its Merits
2014-04-29	Senate	Assigned to Insurance Committee in Senate

Type	Source
Summary	http://legis.delaware.gov/LIS/lis147.nsf/2bede841c6272c888025698400433a04/9b7d504ac7406e1085257cb4006c76eb?OpenDocument
Text	http://legis.delaware.gov/LIS/lis147.nsf/vwLegislation/SB+203/$file/legis.html?open
Roll Call	http://legis.delaware.gov/LIS/lis147.nsf/7712cf7cc0e9227a852568470077336f/975e2d624f39cf4a85257cd70065c6ca?OpenDocument
Roll Call	http://legis.delaware.gov/LIS/lis147.nsf/7712cf7cc0e9227a852568470077336f/d0201b0c162e306285257d0800266fd0?OpenDocument