Senate Bill 229
151st General Assembly (2021 - 2022)
Bill Progress
Signed 4/28/22
The General Assembly has ended, the current status is the final status.
Bill Details
3/3/22
AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO RESIDENT INSURANCE PRODUCER LICENSURE REQUIREMENTS.
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.
83:297
35
Not Required
4/28/22
N/A
Amendments
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Committee Report Details
Favorable:
On its Merits:
Unfavorable: