Delaware House Bill 272 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Passed on February 7 2022 - 100% progression
Action: 2022-02-07 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]

This Bill amends the States insurance holding company system registration act to designate two additional categories of documents filed under the insurance holding company system registration act as subject to confidential treatment under the law and to incorporate changes adopted by the National Association of Insurance Commissioners related to affiliated transactions for insurers in receiverships. The adopted changes to the model law were developed to address the continuation of essential services by affiliates of insurers undergoing receivership, as well as the receivers access to data and records held by affiliates but belonging to the insurer. The amendments, among other things, add certain standards for affiliate transactions of an insurer that is deemed to be in hazardous financial condition or subject to a supervision, conservation or delinquency proceeding, including that such transactions must:

An Act To Amend Title 18 Of The Delaware Code Relating To Insurance Holding Company System Registration.

Rep. William Bush [D]

Sen. Spiros Mantzavinos [D]

Rep. Michael Ramone [R]

2022-01-27 - Senate - Senate Third Reading (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]
2022-01-20 - House - House Third Reading (Y: 40 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2022-02-07		Signed by Governor
2022-01-27		Passed By Senate. Votes: 21 YES
2022-01-27		Reported Out of Committee (Banking, Business & Insurance) in Senate with 1 Favorable, 5 On Its Merits
2022-01-20		Assigned to Banking, Business & Insurance Committee in Senate
2022-01-20		Passed By House. Votes: 40 YES 1 ABSENT
2022-01-11		Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 3 Favorable, 7 On Its Merits
2022-01-06		Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House

Type	Source
Summary	https://legis.delaware.gov/BillDetail?LegislationId=79049
Text	https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=79049&legislationTypeId=1&docTypeId=2&legislationName=HB272
Roll Call	https://legis.delaware.gov/json/RollCall/GetRollCallVoteByRollCallId#52802
Roll Call	https://legis.delaware.gov/json/RollCall/GetRollCallVoteByRollCallId#52831