DE HB228 | 2023-2024 | 152nd General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on August 31 2023 - 100% progression
Action: 2023-08-31 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on August 31 2023 - 100% progression
Action: 2023-08-31 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]
Summary
Section 1 of the bill amends Delawares file-and-use statute for insurance rate filings to extend the timeline for filing and reviewing insurers rate filing by (1) requiring rate filings to be filed at least 60 days in advance of the proposed effective date, and (2) authorizing the Commissioner to extend the timeframe to review the filing and postpone the effective date of the filing pending completion of the extended review. Section 2 of the bill sets forth the process for when the Commissioner proposes to deny a rate filing and requires that a filing may not become effective until a final order is issued. Section 2 of the bill also corrects technical errors in the current law.
Title
An Act To Amend Title 18 Of The Delaware Code Relating To Insurance Rate Filings.
Sponsors
Rep. William Bush [D] | Sen. Kyle Gay [D] |
Roll Calls
2023-06-29 - Senate - Senate Third Reading (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]
2023-06-21 - House - House Third Reading (Y: 40 N: 0 NV: 0 Abs: 1) [PASS]
2023-06-21 - House - House Third Reading (Y: 40 N: 0 NV: 0 Abs: 1) [PASS]
History
Date | Chamber | Action |
---|---|---|
2023-08-31 | Signed by Governor | |
2023-06-29 | Passed By Senate. Votes: 21 YES | |
2023-06-27 | Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 7 On Its Merits | |
2023-06-21 | Assigned to Banking, Business, Insurance & Technology Committee in Senate | |
2023-06-21 | Passed By House. Votes: 40 YES 1 ABSENT | |
2023-06-20 | Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 1 Favorable, 8 On Its Merits | |
2023-06-15 | Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House |