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---
type: "Bill"
title: "AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO CREDIT FOR REINSURANCE."
description: "This bill reflects the National Association of Insurance Commissioners revisions to the Model Credit for Reinsurance Act giving the Commissioner express regulatory authority to address the handling and treatment of reinsurance agreements entered into, directly or indirectly, with life and health insurer-affiliated captives, special purpose vehicles or similar entities, including the authority to promulgate model regulations adopted by the NAIC that are required for the Department to meet accreditation."
jurisdiction: "us/states/de"
legislature: "Delaware General Assembly"
session: "152"
identifier: "HB 46"
citation: "Delaware HB 46 (152)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Darius J. Brown", "David L. Wilson", "John \"Jack\" Walsh", "Paul S. Baumbach", "Sarah McBride", "Spiros Mantzavinos", "William Bush"]
version_count: 1
action_count: 7
vote_count: 2
first_action: "2023-01-12"
last_action: "2023-05-25"
source: "openstates"
source_identifier: "ocd-bill/b42dbb0d-2d6f-456e-b985-133d74a0ae5d"
source_url: "https://legis.delaware.gov/BillDetail?LegislationId=129931"
source_hash: "3916e821d9b90fe3861f44ad229ae385c3bd84645f3b87dca19b833c90e79417"
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 46 (152) — AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO CREDIT FOR REINSURANCE.
This bill reflects the National Association of Insurance Commissioners revisions to the Model Credit for Reinsurance Act giving the Commissioner express regulatory authority to address the handling and treatment of reinsurance agreements entered into, directly or indirectly, with life and health insurer-affiliated captives, special purpose vehicles or similar entities, including the authority to promulgate model regulations adopted by the NAIC that are required for the Department to meet accreditation.
## 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=129931&legislationTypeId=1&docTypeId=2&legislationName=HB46)
## Votes
- SM — **210** (pass) · upper
- SM — **400** (pass) · lower
## Sponsors
- Darius J. Brown — primary (person)
- David L. Wilson — primary (person)
- John "Jack" Walsh — primary (person)
- Paul S. Baumbach — primary (person)
- Sarah McBride — primary (person)
- Spiros Mantzavinos — primary (person)
- William Bush — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2023-01-12** Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House `introduction, referral-committee`
- **2023-01-18** Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 12 On Its Merits `committee-passage`
- **2023-01-26** Passed By House. Votes: 40 YES 1 ABSENT `passage`
- **2023-01-26** Assigned to Banking, Business, Insurance & Technology Committee in Senate `introduction, referral-committee`
- **2023-03-15** Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 8 On Its Merits `committee-passage`
- **2023-05-11** Passed By Senate. Votes: 21 YES `passage`
- **2023-05-25** 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/b42dbb0d-2d6f-456e-b985-133d74a0ae5d`. Confidence: reported (aggregated from official Delaware legislature records).