Bryon H. Short
- Democratic
Primary
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.
Signed by Governor
Passed By Senate. Votes: 19 YES 2 ABSENT
Reported Out of Committee (Banking, Business & Insurance) in Senate with 3 On Its Merits
Passed By House. Votes: 37 YES 3 ABSENT
Amendment HA 1 to HB 393 - Passed In House by Voice Vote
Assigned to Banking, Business & Insurance Committee in Senate
Amendment HA 1 to HB 393 - Introduced and Placed With Bill
Reported Out of Committee (Economic Development/Banking/Insurance/Commerce) in House with 11 On Its Merits
Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House
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