Bill Bush
- Democratic
- Representative
- District 29
Primary
Section 1 of the bill amends Delaware’s file-and-use statute for insurance rate filings to extend the timeline for filing and reviewing insurers’ rate filing by (1) requiring rate filings to be filed at least 60 days in advance of the proposed effective date, and (2) authorizing the Commissioner to extend the timeframe to review the filing and postpone the effective date of the filing pending completion of the extended review. Section 2 of the bill sets forth the process for when the Commissioner proposes to deny a rate filing and requires that a filing may not become effective until a final order is issued. Section 2 of the bill also corrects technical errors in the current law.
Signed by Governor
Passed By Senate. Votes: 21 YES
Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 7 On Its Merits
Assigned to Banking, Business, Insurance & Technology Committee in Senate
Passed By House. Votes: 40 YES 1 ABSENT
Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 1 Favorable, 8 On Its Merits
Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
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