---
type: "Bill"
title: "AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO INSURANCE COMPANY DISCLOSURE REQUIREMENTS."
description: "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."
jurisdiction: "us/states/de"
legislature: "Delaware General Assembly"
session: "149"
identifier: "SB 40"
citation: "Delaware SB 40 (149)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Brian J. Bushweller", "Bryon H. Short", "Stephanie T. Bolden"]
version_count: 1
action_count: 9
vote_count: 2
first_action: "2017-03-23"
last_action: "2017-08-02"
source: "openstates"
source_identifier: "ocd-bill/c489524e-c451-45d0-9157-ad26109c6aaa"
source_url: "https://legis.delaware.gov/BillDetail?LegislationId=25517"
source_hash: "b515f02b98d562ffbde7b3016e639fc106614b6b98b316a46093815c0704893c"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-de"]
---

# Delaware SB 40 (149) — AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO INSURANCE COMPANY DISCLOSURE REQUIREMENTS.

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.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Bill Text** (committee substitute) — [source](https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=25517&legislationTypeId=1&docTypeId=2&legislationName=SB40)

## Votes

- SM — **18–0** (pass) · upper
- SM — **41–0** (pass) · lower

## Sponsors

- Brian J. Bushweller — primary (person)
- Bryon H. Short — primary (person)
- Stephanie T. Bolden — primary (person)
- Catherine Cloutier — cosponsor (person)
- David L. Wilson — cosponsor (person)
- Edward S. Osienski — cosponsor (person)
- Ernesto B Lopez — cosponsor (person)
- Gerald W. Hocker — cosponsor (person)
- John A. Kowalko — cosponsor (person)
- John L. Mitchell — cosponsor (person)
- Ruth Briggs King — cosponsor (person)
- Sean M. Lynn — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2017-03-23** Introduced and Assigned to Banking, Business & Insurance Committee in Senate `introduction, referral-committee`
- **2017-04-04** Amendment SA 1 to SB 40 - Introduced and Placed With Bill `amendment-introduction`
- **2017-04-05** Reported Out of Committee (Banking, Business & Insurance) in Senate with 1 Favorable, 4 On Its Merits `committee-passage-favorable, committee-passage`
- **2017-04-25** Amendment SA 1 to SB 40 - Passed By Senate. Votes: 18 YES 3 ABSENT `amendment-passage`
- **2017-04-25** Passed By Senate. Votes: 18 YES 3 ABSENT `passage`
- **2017-04-26** Assigned to Economic Development/Banking/Insurance/Commerce Committee in House `introduction, referral-committee`
- **2017-06-07** Reported Out of Committee (Economic Development/Banking/Insurance/Commerce) in House with 9 On Its Merits `committee-passage`
- **2017-07-02** Passed By House. Votes: 41 YES `passage`
- **2017-08-02** Signed by Governor `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/c489524e-c451-45d0-9157-ad26109c6aaa`. Confidence: reported (aggregated from official Delaware legislature records).