DE SB203 | 2013-2014 | 147th General Assembly


Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Passed on September 2 2014 - 100% progression
Action: 2014-09-02 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]


This bill’s language comes directly from an NAIC Model Law for consistency across the United States and creates a new Chapter 84 under Title 18. To further enhance insurance policyholder protections, this bill will require an insurer to maintain a risk management framework to assist the insurer or an insurance group with identifying, assessing, monitoring, managing and reporting on its material and relevant risks. The bill provides an “own Risk and Solvency Assessment” (ORSA) requirement and the submission of a report under set conditions and confidentiality provisions.

Tracking Information

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An Act To Amend Title 18 Of The Delaware Code Relating To Risk Management And Own Risk And Solvency Assessment (orsa).


Roll Calls

2014-07-01 - House - House Third Reading (Y: 41 N: 0 NV: 0 Abs: 0) [PASS]
2014-05-13 - Senate - Senate Third Reading (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]


2014-09-02SenateSigned by Governor
2014-07-01HousePassed by House of Representatives. Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2014-06-04HouseReported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 8 On Its Merits
2014-05-14HouseIntroduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House
2014-05-13SenatePassed by Senate. Votes: Passed 21 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2014-05-08SenateReported Out of Committee (INSURANCE) in Senate with 6 On Its Merits
2014-04-29SenateAssigned to Insurance Committee in Senate

Delaware State Sources

Bill Comments