Fabio
67 lines
4.0 KiB
Markdown
67 lines
4.0 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 CAPTIVE INSURANCE."
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description: "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."
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jurisdiction: "us/states/de"
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legislature: "Delaware General Assembly"
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session: "152"
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identifier: "SB 249"
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citation: "Delaware SB 249 (152)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["John \"Jack\" Walsh", "Spiros Mantzavinos", "William Bush"]
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version_count: 1
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action_count: 7
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vote_count: 2
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first_action: "2024-03-21"
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last_action: "2024-08-29"
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source: "openstates"
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source_identifier: "ocd-bill/329461f4-c7c7-4111-8d61-9d56fa194753"
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source_url: "https://legis.delaware.gov/BillDetail?LegislationId=141122"
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source_hash: "9dcc0afca9db10643f464830ea0600acbbf78ddc61a13a2e8afcea2d12450d1d"
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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 249 (152) — AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO CAPTIVE INSURANCE.
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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.
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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=141122&legislationTypeId=1&docTypeId=2&legislationName=SB249)
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## Votes
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- 2/3 — **19–1** (pass) · upper
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- SM — **40–0** (pass) · lower
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## Sponsors
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- John "Jack" Walsh — primary (person)
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- Spiros Mantzavinos — primary (person)
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- William Bush — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2024-03-21** Introduced and Assigned to Banking, Business, Insurance & Technology Committee in Senate `introduction, referral-committee`
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- **2024-04-17** Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 5 On Its Merits `committee-passage`
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- **2024-04-25** Passed By Senate. Votes: 19 YES 1 NO 1 ABSENT `passage`
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- **2024-05-02** Assigned to Economic Development/Banking/Insurance & Commerce Committee in House `introduction, referral-committee`
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- **2024-06-13** Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 7 On Its Merits `committee-passage`
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- **2024-06-26** Passed By House. Votes: 40 YES 1 ABSENT `passage`
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- **2024-08-29** 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/329461f4-c7c7-4111-8d61-9d56fa194753`. Confidence: reported (aggregated from official Delaware legislature records).
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