DE HB346 | 2011-2012 | 146th General Assembly


Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on July 27 2012 - 100% progression
Action: 2012-07-27 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]


The changes made by this bill are pursuant to the NAIC Credit For Reinsurance Model Act. Delaware domiciles may have access to reinsurance at more competitive prices and will be in a better financial position to compete by passing this bill. On July 21, 2010, Congress passed and the President signed related federal legislation, the Nonadmitted and Reinsurance Reform Act, which became effective July 21, 2011. The federal bill allows preemption of the extraterritorial application of state credit for reinsurance law and permits states of domicile to proceed forward with reinsurance collateral reforms on an individual basis if they are accredited. Failure to adopt this bill could result in companies leaving Delaware.

Tracking Information

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An Act To Amend Title 18 Of The Delaware Code Relating To Reinsurance.


Roll Calls

2012-07-01 - Senate - Senate Third Reading (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]
2012-06-28 - House - House Third Reading (Y: 41 N: 0 NV: 0 Abs: 0) [PASS]


2012-07-27 Signed by Governor
2012-07-01 Passed by Senate. Votes: Passed 21 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2012-07-01 Necessary rules are suspended in Senate
2012-06-28 Passed by House of Representatives. Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2012-06-06 Reported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 10 On Its Merits
2012-05-15 Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House

Delaware State Sources

Bill Comments