Capital and Surplus Req./Increase

What it does

The legislature's own summary of the bill, or its official long title.

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.

Every action

7 steps, oldest first, as the legislature records them.

1. Jan 12, 2023CommitteeIntroduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House · House Economic Development/Banking/Insurance & Commerce
2. Jan 18, 2023CommitteeReported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 11 On Its Merits · House Economic Development/Banking/Insurance & Commerce
3. Apr 4, 2023HousePassed By House. Votes: 38 YES 3 ABSENT38–0 vote
4. Apr 4, 2023CommitteeAssigned to Banking, Business, Insurance & Technology Committee in Senate · Senate Banking, Business, Insurance & Technology
5. Apr 26, 2023CommitteeReported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 1 Favorable, 4 On Its Merits · Senate Banking, Business, Insurance & Technology
6. May 11, 2023SenatePassed By Senate. Votes: 21 YES21–0 vote
7. May 25, 2023GovernorSigned by Governor

Roll calls

2 recorded votes: 2 on the floor, 0 in committee. Each shows how every member voted.

Sponsors

The member who introduced it, joined by 5 cosponsors: 5 Democrats.

• WB William BushD Primary sponsor · District 29
• SM Spiros MantzavinosD Joint sponsor · District 7