House Substitute 1 for House Bill 168
151st General Assembly (2021 - 2022)
Bill Progress
Signed 6/14/22
The General Assembly has ended, the current status is the final status.
Bill Details
6/29/21
AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO INSURANCE INVESTMENTS.
This bill would allow insurance companies to invest in mortgages on long-term leaseholds in the jurisdictions approved by the Department of Insurance. It is the intent of the Department of Insurance that the first approved jurisdiction be the United Kingdom. In the United Kingdom real estate typically is held not in fee simple (like the US) but long-term land leases. Thirty three other states including Maryland, New Jersey, and New York have similar statues.
83:317
38
Not Required
6/14/22
N/A
Amendments
Committee Reports
Roll Calls
Actions History
Legislation Detail Feeds
Roll Call Details
Committee Report Details
Favorable:
On its Merits:
Unfavorable: