republic-os/legislation/us/states/de/152/sb-249.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO CAPTIVE INSURANCE.	This bill amends Chapter 69 of Title 18 relating to captive insurance to provide the Commissioner with additional flexibility to approve those types of financial institutions that would be authorized to hold required capital and surplus of captive insurance companies. This change would recognize the current financial environment and practices of financial institutions and captive insurers. Assets can be safely held in financial institutions other than banks and do not need to be held in Delaware in many circumstances where the type of risk does not require it, and the Commissioner will be authorized to impose additional conditions on captives related to capital and surplus to ensure the solvency and efficient operations of captives.	us/states/de	Delaware General Assembly	152	SB 249	Delaware SB 249 (152)	bill		enacted	John "Jack" Walsh Spiros Mantzavinos William Bush	1	7	2	2024-03-21	2024-08-29	openstates	ocd-bill/329461f4-c7c7-4111-8d61-9d56fa194753	https://legis.delaware.gov/BillDetail?LegislationId=141122	9dcc0afca9db10643f464830ea0600acbbf78ddc61a13a2e8afcea2d12450d1d	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-de

Delaware SB 249 (152) — AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO CAPTIVE INSURANCE.

This bill amends Chapter 69 of Title 18 relating to captive insurance to provide the Commissioner with additional flexibility to approve those types of financial institutions that would be authorized to hold required capital and surplus of captive insurance companies. This change would recognize the current financial environment and practices of financial institutions and captive insurers. Assets can be safely held in financial institutions other than banks and do not need to be held in Delaware in many circumstances where the type of risk does not require it, and the Commissioner will be authorized to impose additional conditions on captives related to capital and surplus to ensure the solvency and efficient operations of captives.

Version chain

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

1. Bill Text (committee substitute) — source

Votes

• 2/3 — 19–1 (pass) · upper
• SM — 40–0 (pass) · lower

Sponsors

• John "Jack" Walsh — primary (person)
• Spiros Mantzavinos — primary (person)
• William Bush — primary (person)

Timeline

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

• 2024-03-21 Introduced and Assigned to Banking, Business, Insurance & Technology Committee in Senate introduction, referral-committee
• 2024-04-17 Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 5 On Its Merits committee-passage
• 2024-04-25 Passed By Senate. Votes: 19 YES 1 NO 1 ABSENT passage
• 2024-05-02 Assigned to Economic Development/Banking/Insurance & Commerce Committee in House introduction, referral-committee
• 2024-06-13 Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 7 On Its Merits committee-passage
• 2024-06-26 Passed By House. Votes: 40 YES 1 ABSENT passage
• 2024-08-29 Signed by Governor executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/329461f4-c7c7-4111-8d61-9d56fa194753. Confidence: reported (aggregated from official Delaware legislature records).