DE SB231 | 2015-2016 | 148th General Assembly

Status

Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Passed on August 10 2016 - 100% progression
Action: 2016-08-10 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]

Summary

This is a housekeeping bill. Sections 1 and 2 present identical language to that of the first two sections of HB 15 that was passed in June 2015 affecting captive insurance. The title to HB 15 was limited to captive insurance, but the effect of the changes to Sections 309 and 330 would not be limited to captive insurance. There was a question as to whether the amendments to these two provisions were beyond the scope of the title, so the same changes are being made under a broader title heading in this new bill. Section 3 authorizes the Insurance Commissioner to take action against an insurer’s Certificate of Authority to transact business for violations of the Delaware Code outside of Title 18 but which specifically impose obligations upon insurance carriers. While there are provisions in the Insurance Code that discuss the Commissioner’s authority to revoke or suspend a Certificate of Authority, this amendment clarifies that the Insurance Commissioner’s authority over insurance carriers extends to violations of other provisions in the Delaware Code that apply to regulated insurance carriers. Section 4 corrects an error and deletes Section 2708(4)b. as was originally intended from legislation that passed in 1998. Section 5 corrects a typographical error.

Tracking Information

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Title

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

Sponsors


Roll Calls

2016-07-01 - House - House Third Reading (Y: 38 N: 0 NV: 1 Abs: 2) [PASS]

History

DateChamberAction
2016-08-10SenateSigned by Governor
2016-07-01HousePassed by House of Representatives. Votes: Passed 38 YES 0 NO 1 NOT VOTING 2 ABSENT 0 VACANT
2016-05-18HouseReported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 7 On Its Merits
2016-05-10HouseIntroduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House
2016-05-05SenatePassed by Senate. Votes: Passed 21 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2016-05-05SenateReported Out of Committee (INSURANCE & TELECOMMUNICATIONS) in Senate with 5 On Its Merits
2016-04-19SenateAssigned to Insurance & Telecommunications Committee in Senate

Delaware State Sources


Bill Comments

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