Spiros Mantzavinos
- Democratic
- Senator
- District 7
Primary
This bill requires applicants for a Delaware resident producer license to either be a Delaware resident or to work for an entity that has a physical location in Delaware out of which the business of insurance is conducted. This bill prohibits the practice of out-of-state applicants using Delaware registered agents or postal boxes to establish residency in Delaware. These changes will help to reduce or eliminate the improper marketing of insurance plans by bad actors that seek to avoid regulatory oversight through these licensing practices.
Signed by Governor
Passed By House. Votes: 41 YES
Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 1 Favorable, 8 On Its Merits
Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
Passed By Senate. Votes: 20 YES 1 NOT VOTING
Reported Out of Committee (Banking, Business & Insurance) in Senate with 5 On Its Merits
Introduced and Assigned to Banking, Business & Insurance Committee in Senate
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