DE HB106 | 2019-2020 | 150th General Assembly

Status

Spectrum: Slight Partisan Bill (Democrat 5-3)
Status: Engrossed on May 14 2019 - 50% progression
Action: 2019-05-15 - Assigned to Banking, Business & Insurance Committee in Senate
Pending: Senate Banking, Business & Insurance Committee
Text: Latest bill text (Draft #1) [HTML]

Summary

Delaware is one of only a few states that does not provide statutory or regulatory authority regarding the regulation of service contracts and warranties. In some states, these products are regulated as insurance products. In other states, the Attorney Generals office retains oversight of these products. In Delaware, the regulation of these products is governed by a letter issued by the Department of Insurance in 1993 and Domestic/Foreign Insurers Bulletin No. 5 issued in 1997. This legislation essentially codifies the existing legal practice, and makes clear these products are not regulated as insurance products thus providing the Department of Justice with the authority to address legal issues pertaining to service contracts and product warranties.

Tracking Information

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Title

An Act To Amend Title 18 Of The Delaware Code Related To Service Contracts And Product Warranties.

Sponsors


Roll Calls

2019-05-14 - House - House Third Reading (Y: 40 N: 0 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2019-05-15 Assigned to Banking, Business & Insurance Committee in Senate
2019-05-14 Passed By House. Votes: 40 YES 1 ABSENT
2019-04-10 Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 3 Favorable, 6 On Its Merits
2019-03-28 Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House

Delaware State Sources


Bill Comments

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