---
type: "Bill"
title: "AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO MOTOR VEHICLE FINANCIAL PROTECTION PRODUCTS."
description: "This Act adds a “guaranteed asset protection waiver” to the instruments that are exempt from insurance regulation."
jurisdiction: "us/states/de"
legislature: "Delaware General Assembly"
session: "151"
identifier: "HB 429"
citation: "Delaware HB 429 (151)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Spiros Mantzavinos", "William Bush"]
version_count: 1
action_count: 8
vote_count: 2
first_action: "2022-05-17"
last_action: "2022-10-14"
source: "openstates"
source_identifier: "ocd-bill/5c2f53a3-9cdc-40c0-b1f4-22279e1c2d04"
source_url: "https://legis.delaware.gov/BillDetail?LegislationId=109529"
source_hash: "98ec1462a2cee11e64b60ff93d8b4fc55b3d216d6c7c821323ce65d7cd8452bf"
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 HB 429 (151) — AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO MOTOR VEHICLE FINANCIAL PROTECTION PRODUCTS.

This Act adds a “guaranteed asset protection waiver” to the instruments that are exempt from insurance regulation.

## 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=109529&legislationTypeId=1&docTypeId=2&legislationName=HB429)

## Votes

- SM — **21–0** (pass) · upper
- 2/3 — **38–0** (pass) · lower

## Sponsors

- Spiros Mantzavinos — primary (person)
- William Bush — primary (person)
- Franklin D. Cooke — cosponsor (person)
- John "Jack" Walsh — cosponsor (person)

## Timeline

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

- **2022-05-17** Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House `introduction, referral-committee`
- **2022-06-07** Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 2 Favorable, 10 On Its Merits `committee-passage, committee-passage-favorable`
- **2022-06-14** Passed By House. Votes: 38 YES 3 ABSENT `passage`
- **2022-06-14** Assigned to Banking, Business & Insurance Committee in Senate `introduction, referral-committee`
- **2022-06-21** Re-Assigned to Executive Committee in Senate `introduction, referral-committee`
- **2022-06-22** Reported Out of Committee (Executive) in Senate with 5 On Its Merits `committee-passage`
- **2022-06-30** Passed By Senate. Votes: 21 YES `passage`
- **2022-10-14** 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/5c2f53a3-9cdc-40c0-b1f4-22279e1c2d04`. Confidence: reported (aggregated from official Delaware legislature records).