Delaware Senate Bill 154 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on April 8 2014 - 100% progression
Action: 2014-04-08 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]

Many insurance companies, including Delaware-domiciled insurance companies, prudently manage a portion of their liquidity and funding needs through borrowing from an FHLBank. The proposed legislation will enable Delaware insurers to access FHLBank funding on similar collateral terms as federally insured depository institutions by harmonizing the insolvency provisions governing Delaware-domiciled insurance companies with similar provisions governing federally insured depository institutions. Without the certainty that adoption of this bill will provide, Delaware insurance companies will continue to face more stringent collateral terms in their FHLBank transactions, affecting their competitiveness and financial strength. Author: Senator Bushweller

An Act To Amend Title 18 Of The Delaware Code Relating To Insurance Investments, Rehabilitation And Liquidation.

Sen. Brian Bushweller [D]

Rep. Bryon Short [D]

2014-03-25 - House - House Third Reading (Y: 38 N: 0 NV: 0 Abs: 3) [PASS]
2014-01-30 - Senate - Senate Third Reading (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2014-04-08	Senate	Signed by Governor
2014-03-25	House	Passed by House of Representatives. Votes: Passed 38 YES 0 NO 0 NOT VOTING 3 ABSENT 0 VACANT
2014-03-19	House	Reported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 7 On Its Merits
2014-03-13	House	Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House
2014-01-30	Senate	Passed by Senate. Votes: Passed 21 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2014-01-30	Senate	Reported Out of Committee (INSURANCE) in Senate with 1 Favorable, 3 On Its Merits
2014-01-14	Senate	Assigned to Insurance Committee in Senate

Type	Source
Summary	http://legis.delaware.gov/LIS/lis147.nsf/2bede841c6272c888025698400433a04/1ce16f3d587c3c2685257c28005c9e17?OpenDocument
Text	http://legis.delaware.gov/LIS/lis147.nsf/vwLegislation/SB+154/$file/legis.html?open
Roll Call	http://legis.delaware.gov/LIS/lis147.nsf/7712cf7cc0e9227a852568470077336f/194bf1bbb103667385257c70007acc24?OpenDocument
Roll Call	http://legis.delaware.gov/LIS/lis147.nsf/7712cf7cc0e9227a852568470077336f/c3b58d8b989b7e9485257ca60071f620?OpenDocument