Fabio
73 lines
4.4 KiB
Markdown
73 lines
4.4 KiB
Markdown
---
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type: "Bill"
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title: "AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO REPORTING AND VALUATION REQUIREMENTS FOR INSURERS."
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description: "Section 1 of this bill adds additional financial reporting requirements for authorized insurers, which codifies current practices in accordance with the NAIC’s accounting practices and procedures manual and which was recommended by the NAIC as part of its most recent and ongoing accreditation review of the Department. Section 2 of this bill repeals Section 526A because the Department has determined that the circumstances that originally resulted in the enactment of Section 526A are no longer present in today’s market and, therefore, the additional reporting requirement is not necessary. Sections 3 and 4 of this bill make technical corrections recommended by the NAIC."
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jurisdiction: "us/states/de"
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legislature: "Delaware General Assembly"
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session: "151"
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identifier: "SB 175"
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citation: "Delaware SB 175 (151)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Spiros Mantzavinos", "William Bush"]
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version_count: 2
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action_count: 10
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vote_count: 2
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first_action: "2021-06-08"
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last_action: "2021-09-17"
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source: "openstates"
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source_identifier: "ocd-bill/31376a77-b7fb-4f01-8a0d-2b81317897f8"
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source_url: "https://legis.delaware.gov/BillDetail?LegislationId=78839"
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source_hash: "c8c3f85fda02b57afc73f07864680ebfea9f6e05f56c6dd08e647c72415ee562"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-de"]
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---
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# Delaware SB 175 (151) — AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO REPORTING AND VALUATION REQUIREMENTS FOR INSURERS.
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Section 1 of this bill adds additional financial reporting requirements for authorized insurers, which codifies current practices in accordance with the NAIC’s accounting practices and procedures manual and which was recommended by the NAIC as part of its most recent and ongoing accreditation review of the Department. Section 2 of this bill repeals Section 526A because the Department has determined that the circumstances that originally resulted in the enactment of Section 526A are no longer present in today’s market and, therefore, the additional reporting requirement is not necessary. Sections 3 and 4 of this bill make technical corrections recommended by the NAIC.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Bill Text** (committee substitute) — [source](https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=78839&legislationTypeId=1&docTypeId=2&legislationName=SB175)
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2. **SA 1 to SB 175** (committee substitute) — [source](http://legis.delaware.gov/json/BillDetail/GeneratePdfDocument?legislationId=78912&legislationTypeId=5&docTypeId=2)
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## Votes
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- SM — **21–0** (pass) · upper
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- SM — **39–0** (pass) · lower
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## Sponsors
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- Spiros Mantzavinos — primary (person)
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- William Bush — primary (person)
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- Bruce C. Ennis — cosponsor (person)
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- Gerald L. Brady — cosponsor (person)
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- John "Jack" Walsh — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2021-06-08** Introduced and Assigned to Banking, Business & Insurance Committee in Senate `introduction, referral-committee`
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- **2021-06-15** Amendment SA 1 to SB 175 - Introduced and Placed With Bill `amendment-introduction`
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- **2021-06-16** Reported Out of Committee (Banking, Business & Insurance) in Senate with 5 On Its Merits `committee-passage`
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- **2021-06-17** Amendment SA 1 to SB 175 - Passed By Senate. Votes: 20 YES 1 ABSENT `amendment-passage`
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- **2021-06-17** Passed By Senate. Votes: 21 YES `passage`
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- **2021-06-18** Assigned to Economic Development/Banking/Insurance & Commerce Committee in House `introduction, referral-committee`
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- **2021-06-24** Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 7 On Its Merits `committee-passage`
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- **2021-06-25** Suspension of Rules in House
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- **2021-06-30** Passed By House. Votes: 39 YES 2 ABSENT `passage`
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- **2021-09-17** Signed by Governor `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/31376a77-b7fb-4f01-8a0d-2b81317897f8`. Confidence: reported (aggregated from official Delaware legislature records).
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