SB 40 — AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO INSURANCE COMPANY DISCLOSURE REQUIREMENTS.
Last action — Signed by Governor
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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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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced March 23, 2017. Enacted.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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12 sponsors
3 primary, 9 co-sponsors signed on.
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Bipartisan support
Sponsored across 2 parties (3 D · 2 R) — cross-party backing.
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Cleared a recorded vote
Passed 2 recorded votes so far.
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.
Summary
This legislation adopts the NAIC’s Corporate Governance Annual Disclosure Model Act, and requires Delaware-domiciled insurers to provide to the Commissioner on an annual basis a summary of the insurer’s or insurance group’s corporate governance structures, policies and practices to permit the Commissioner to gain and maintain an understanding of the insurer’s corporate governance framework.
Bill Text
- Bill Text View text Current pdf
Action History
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Signed by Governor
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Passed By House. Votes: 41 YES
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Reported Out of Committee (Economic Development/Banking/Insurance/Commerce) in House with 9 On Its Merits
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Assigned to Economic Development/Banking/Insurance/Commerce Committee in House
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Passed By Senate. Votes: 18 YES 3 ABSENT
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Amendment SA 1 to SB 40 - Passed By Senate. Votes: 18 YES 3 ABSENT
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Reported Out of Committee (Banking, Business & Insurance) in Senate with 1 Favorable, 4 On Its Merits
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Amendment SA 1 to SB 40 - Introduced and Placed With Bill
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Introduced and Assigned to Banking, Business & Insurance Committee in Senate
Sponsors
- John L. Mitchell · Cosponsor
- John A. Kowalko · Cosponsor
- Stephanie T. Bolden · Primary
- Gerald W. Hocker · Cosponsor
- Sean M. Lynn · Cosponsor
- Edward S. Osienski · Cosponsor
- David L. Wilson · Cosponsor
- Ruth Briggs King · Cosponsor
- Ernesto B Lopez · Cosponsor
- Catherine Cloutier · Cosponsor
- Bryon H. Short · Primary
- Brian J. Bushweller · Primary
Sponsorship breakdown
Export CSV (upgrade) →3 sponsors · 9 co-sponsors · 50 not signed on
Sponsors (3)
- Stephanie T. Bolden Democratic
- Bryon H. Short
- Brian J. Bushweller
Co-sponsors (9)
- John L. Mitchell
- John A. Kowalko
- Gerald W. Hocker Republican
- Sean M. Lynn Democratic
- Edward S. Osienski Democratic
- David L. Wilson Republican
- Ruth Briggs King
- Ernesto B Lopez
- Catherine Cloutier
Not signed on (50)
50 members have not signed on to this bill.
Show all 50 →"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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 25 | 0 | 0 | 0 |
| Democratic | 7 | 0 | 0 | 0 |
| Republican | 9 | 0 | 0 | 0 |
| Total | 41 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (41)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 10 | 0 | 0 | 2 |
| Democratic | 4 | 0 | 0 | 1 |
| Republican | 4 | 0 | 0 | 0 |
| Total | 18 | 0 | 0 | 3 |
| % of votes cast | 86% | 0% | 0% | 14% |
How each member voted (21)
| Member | Party | Vote |
|---|---|---|
| Anthony Delcollo | — | Yea |
| Brian J. Bushweller | — | Yea |
| Bruce C. Ennis | — | Yea |
| Catherine Cloutier | — | Yea |
| Colin Bonini | — | Not Voting |
| David B. McBride | — | Yea |
| Ernesto B Lopez | — | Yea |
| F. Gary Simpson | — | Yea |
| Gregory F. Lavelle | — | Not Voting |
| Harris B. McDowell | — | Yea |
| Margaret Rose Henry | — | Yea |
| Robert Marshall | — | Yea |
| Bryan Townsend | Democratic | Yea |
| David P. Sokola | Democratic | Yea |
| John "Jack" Walsh | Democratic | Not Voting |
| Nicole Poore | Democratic | Yea |
| Stephanie L. Hansen | Democratic | Yea |
| Brian Pettyjohn | Republican | Yea |
| Bryant L. Richardson | Republican | Yea |
| Dave G. Lawson | Republican | Yea |
| Gerald W. Hocker | Republican | Yea |
Subjects
Frequently asked questions
- What does SB 40 do?
- This legislation adopts the NAIC’s Corporate Governance Annual Disclosure Model Act, and requires Delaware-domiciled insurers to provide to the Commissioner on an annual basis a summary of the insurer’s or insurance group’s corporate governance structures, policies and practices to permit the Commissioner to gain and maintain an understanding of the insurer’s corporate governance framework.
- Who sponsors SB 40?
- SB 40 is sponsored by John L. Mitchell, John A. Kowalko, Stephanie T. Bolden (Democratic), Gerald W. Hocker (Republican), Sean M. Lynn (Democratic), Edward S. Osienski (Democratic), David L. Wilson (Republican), Ruth Briggs King, Ernesto B Lopez, Catherine Cloutier, Bryon H. Short, and Brian J. Bushweller.
- What is the current status of SB 40?
- This bill has been enacted into law. Introduced March 23, 2017. Enacted.
- Where can I track SB 40?
- Track SB 40 free on One Click Politics — get push/email alerts when it moves.
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