AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS.
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HB 47 — AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS.
Last action — Signed by Governor
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 House
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced January 12, 2023. 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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7 sponsors
7 primary, 0 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (6 D).
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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
Delaware’s capital and surplus requirements for insurers have been in place for over fifty years and are currently among the lowest in the country. This bill increases the minimum amount of capital stock and free surplus an insurer must possess and maintain in order to transact business in the State of Delaware, making them more in line with other jurisdictions.
Bill Text
- Bill Text View text Current pdf
Action History
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Signed by Governor
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Passed By Senate. Votes: 21 YES
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Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 1 Favorable, 4 On Its Merits
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Assigned to Banking, Business, Insurance & Technology Committee in Senate
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Passed By House. Votes: 38 YES 3 ABSENT
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Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 11 On Its Merits
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Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
Sponsors
- John "Jack" Walsh · Primary
- Kerri Evelyn Harris · Primary
- William J. Carson · Primary
- Darius J. Brown · Primary
- Spiros Mantzavinos · Primary
- William Bush · Primary
- Paul S. Baumbach · Primary
Sponsorship breakdown
Export CSV (upgrade) →7 sponsors · 0 co-sponsors · 55 not signed on
Sponsors (7)
- John "Jack" Walsh Democratic
- Kerri Evelyn Harris Democratic
- William J. Carson Democratic
- Darius J. Brown Democratic
- Spiros Mantzavinos Democratic
- William Bush Democratic
- Paul S. Baumbach
Co-sponsors (0)
None.
Not signed on (55)
55 members have not signed on to this bill.
Show all 55 →"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 |
|---|---|---|---|---|
| Republican | 6 | 0 | 0 | 0 |
| Democratic | 13 | 0 | 0 | 0 |
| Unaffiliated | 2 | 0 | 0 | 0 |
| Total | 21 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (21)
| Member | Party | Vote |
|---|---|---|
| Kyle Evans Gay | — | Yea |
| Sarah McBride | — | Yea |
| Bryan Townsend | Democratic | Yea |
| Darius J. Brown | Democratic | Yea |
| David P. Sokola | Democratic | Yea |
| John "Jack" Walsh | Democratic | Yea |
| Kyra L. Hoffner | Democratic | Yea |
| Laura V. Sturgeon | Democratic | Yea |
| Marie Pinkney | Democratic | Yea |
| Nicole Poore | Democratic | Yea |
| Russell Huxtable | Democratic | Yea |
| S. Elizabeth Lockman | Democratic | Yea |
| Spiros Mantzavinos | Democratic | Yea |
| Stephanie L. Hansen | Democratic | Yea |
| Trey Paradee | Democratic | Yea |
| Brian Pettyjohn | Republican | Yea |
| Bryant L. Richardson | Republican | Yea |
| Dave G. Lawson | Republican | Yea |
| David L. Wilson | Republican | Yea |
| Eric Buckson | Republican | Yea |
| Gerald W. Hocker | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 7 | 0 | 0 | 1 |
| Democratic | 19 | 0 | 0 | 1 |
| Republican | 12 | 0 | 0 | 1 |
| Total | 38 | 0 | 0 | 3 |
| % of votes cast | 93% | 0% | 0% | 7% |
How each member voted (41)
Subjects
Frequently asked questions
- What does HB 47 do?
- Delaware’s capital and surplus requirements for insurers have been in place for over fifty years and are currently among the lowest in the country. This bill increases the minimum amount of capital stock and free surplus an insurer must possess and maintain in order to transact business in the State of Delaware, making them more in line with other jurisdictions.
- Who sponsors HB 47?
- HB 47 is sponsored by John "Jack" Walsh (Democratic), Kerri Evelyn Harris (Democratic), William J. Carson (Democratic), Darius J. Brown (Democratic), Spiros Mantzavinos (Democratic), William Bush (Democratic), and Paul S. Baumbach.
- What is the current status of HB 47?
- This bill has been enacted into law. Introduced January 12, 2023. Enacted.
- Where can I track HB 47?
- Track HB 47 free on One Click Politics — get push/email alerts when it moves.
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