Fabio
71 lines
4.2 KiB
Markdown
71 lines
4.2 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 INSURANCE."
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description: "This Bill updates the Delaware Viatical Settlements Act by amending the license and bond requirements for a viatical settlement provider or viatical settlement broker. The Act allows an applicant seeking licensure as a viatical settlement provider to prove financial responsibility by (1) providing audited financial statements showing a minimum equity of more than 250 thousand dollars or (2) providing audited annual financial statements showing positive equity and a surety bond for 250 thousand dollars or a letter of credit amounting 250 thousand dollars. The applicant also may provide proof of financial responsibility if they are licensed in another state and have established proof of financial responsibility to said state."
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jurisdiction: "us/states/de"
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legislature: "Delaware General Assembly"
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session: "149"
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identifier: "HB 393"
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citation: "Delaware HB 393 (149)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Bryon H. Short", "Nicole Poore"]
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version_count: 1
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action_count: 9
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vote_count: 2
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first_action: "2018-05-01"
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last_action: "2018-07-23"
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source: "openstates"
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source_identifier: "ocd-bill/d9a0b2e1-6d0f-454a-bc4b-52bb76e6a782"
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source_url: "https://legis.delaware.gov/BillDetail?LegislationId=26594"
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source_hash: "24d5a98a84cb3096585dc779dee0eb2e088dd420066299cc0643e46a1b052534"
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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 HB 393 (149) — AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO INSURANCE.
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This Bill updates the Delaware Viatical Settlements Act by amending the license and bond requirements for a viatical settlement provider or viatical settlement broker. The Act allows an applicant seeking licensure as a viatical settlement provider to prove financial responsibility by (1) providing audited financial statements showing a minimum equity of more than 250 thousand dollars or (2) providing audited annual financial statements showing positive equity and a surety bond for 250 thousand dollars or a letter of credit amounting 250 thousand dollars. The applicant also may provide proof of financial responsibility if they are licensed in another state and have established proof of financial responsibility to said state.
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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=26594&legislationTypeId=1&docTypeId=2&legislationName=HB393)
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## Votes
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- SM — **19–0** (pass) · upper
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- SM — **37–0** (pass) · lower
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## Sponsors
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- Bryon H. Short — primary (person)
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- Nicole Poore — primary (person)
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- Gerald L. Brady — cosponsor (person)
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- Helene M. Keeley — cosponsor (person)
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- Paul S. Baumbach — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2018-05-01** Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House `introduction, referral-committee`
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- **2018-05-02** Reported Out of Committee (Economic Development/Banking/Insurance/Commerce) in House with 11 On Its Merits `committee-passage`
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- **2018-05-30** Amendment HA 1 to HB 393 - Introduced and Placed With Bill `amendment-introduction`
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- **2018-06-19** Amendment HA 1 to HB 393 - Passed In House by Voice Vote `amendment-passage`
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- **2018-06-19** Passed By House. Votes: 37 YES 3 ABSENT `passage`
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- **2018-06-19** Assigned to Banking, Business & Insurance Committee in Senate `introduction, referral-committee`
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- **2018-06-21** Reported Out of Committee (Banking, Business & Insurance) in Senate with 3 On Its Merits `committee-passage`
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- **2018-06-26** Passed By Senate. Votes: 19 YES 2 ABSENT `passage`
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- **2018-07-23** 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/d9a0b2e1-6d0f-454a-bc4b-52bb76e6a782`. Confidence: reported (aggregated from official Delaware legislature records).
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