DE HB44 | 2021-2022 | 151st General Assembly
Status
Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Passed on July 30 2021 - 100% progression
Action: 2021-07-30 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Passed on July 30 2021 - 100% progression
Action: 2021-07-30 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]
Summary
This Act reflects the National Association of Insurance Commissioners revisions to the Model Credit for Reinsurance Act. The revisions make the law consistent with provisions of covered agreements with the European Union and United Kingdom with respect to reinsurance collateral requirements. The changes will also provide reinsurers domiciled in National Association of Insurance Commissioners-qualified jurisdictions other than within the EU (currently, Bermuda, Japan and Switzerland) with the possibility of similar reinsurance collateral reductions. This is an accreditation bill.
Title
An Act To Amend Title 18 Of The Delaware Code Relating To Credit For Reinsurance.
Sponsors
Rep. William Bush [D] | Sen. Charles Paradee [D] | Sen. Bruce Ennis [D] | Sen. David Sokola [D] |
Rep. Michael Ramone [R] |
Roll Calls
2021-06-29 - Senate - Senate Third Reading (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]
2021-03-18 - House - House Third Reading (Y: 41 N: 0 NV: 0 Abs: 0) [PASS]
2021-03-18 - House - House Third Reading (Y: 41 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2021-07-30 | Signed by Governor | |
2021-06-29 | Passed By Senate. Votes: 21 YES | |
2021-04-21 | Reported Out of Committee (Banking, Business & Insurance) in Senate with 6 On Its Merits | |
2021-03-18 | Assigned to Banking, Business & Insurance Committee in Senate | |
2021-03-18 | Passed By House. Votes: 41 YES | |
2021-03-12 | Suspension of Rules in House | |
2021-01-14 | Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 6 Favorable, 6 On Its Merits | |
2020-12-18 | Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House |