DE HB305 | 2015-2016 | 148th General Assembly


Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: Passed on August 10 2016 - 100% progression
Action: 2016-08-10 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]


This bill amends Title 18, Chapter 58, by adding a higher RBC standard for trend testing from 2.5 to 3.0 for a life insurance company, health insurance company, or a fraternal benefit society. The bill’s language comes directly from the NAIC Risk-Based Capital (RBC) For Insurers Model Act. The bill will enhance the financial surveillance of life companies, and is an accreditation requirement as of January 1, 2017. Property and Casualty companies already have the 3.0 trend testing.

Tracking Information

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An Act To Amend Title 18 Of The Delaware Code Relating To Risk-based Capital (rbc) For Insurers.


Roll Calls

2016-06-30 - Senate - Senate Third Reading (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]


2016-08-10HouseSigned by Governor
2016-06-30SenatePassed by Senate. Votes: Passed 21 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2016-06-23SenateReported Out of Committee (INSURANCE & TELECOMMUNICATIONS) in Senate with 6 On Its Merits
2016-06-22SenateAssigned to Insurance & Telecommunications Committee in Senate
2016-06-22HousePassed by House of Representatives. Votes: Passed 39 YES 0 NO 0 NOT VOTING 2 ABSENT 0 VACANT
2016-04-20HouseReported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 8 On Its Merits
2016-04-06HouseIntroduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House

Delaware State Sources

Bill Comments