AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO INSURANCE AND FINANCIAL INTERMEDIARIES
This bill states that banks and securities intermediaries are not liable for receiving insurance policy proceeds when acting in an administrative capacity. It maintains rights for recovery against investors for actions after the bill's enactment.
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SB 354 — AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO INSURANCE AND FINANCIAL INTERMEDIARIES
Last action — Executive
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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5To Executive
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6Enacted
This bill has been sent to the executive. Introduced June 30, 2026. It awaits signature.
Next likely step: the executive signs it into law or issues a veto.
Prognosis
Where this bill stands today.
Odds of enactment
ModerateHow often bills like it became law.
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To Executive
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (1 D).
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
In plain language
The bill clarifies liability for banks and intermediaries handling insurance policy proceeds.
This bill states that banks and securities intermediaries are not liable for receiving insurance policy proceeds when acting in an administrative capacity. It maintains rights for recovery against investors for actions after the bill's enactment.
Summary
This Act clarifies that a securities intermediary or bank acting solely in an administrative, trustee or custodial capacity shall not incur liability for receipt of policy proceeds. This Act also preserves recovery rights against investors and applies only to actions brought on or after the date of enactment of this Act into law.
Bill Text
We don't have the full text on file for this bill yet.
Read SB 354 on the official Delaware source →Action History
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Executive
Sponsors
- Darius J. Brown · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 61 not signed on
Sponsors (1)
- Darius J. Brown Democratic
Co-sponsors (0)
None.
Not signed on (61)
61 members have not signed on to this bill.
Show all 61 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does SB 354 do?
- This Act clarifies that a securities intermediary or bank acting solely in an administrative, trustee or custodial capacity shall not incur liability for receipt of policy proceeds. This Act also preserves recovery rights against investors and applies only to actions brought on or after the date of enactment of this Act into law.
- Who sponsors SB 354?
- SB 354 is sponsored by Darius J. Brown (Democratic).
- What is the current status of SB 354?
- This bill has been sent to the executive. Introduced June 30, 2026. It awaits signature.
- Where can I track SB 354?
- Track SB 354 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 4 months ago · updated continuously
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