DE HB44 | 2021-2022 | 151st General Assembly

Status

Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Introduced on December 18 2020 - 25% progression
Action: 2021-01-14 - Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 6 Favorable, 6 On Its Merits
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.

Tracking Information

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Title

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

Sponsors


History

DateChamberAction
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

Delaware State Sources


Bill Comments

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