WeVote
Log In

Bill

Bill

HB 74

AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO INSURANCE EXAMINATIONS.

153rd General Assembly (2025-2026) Introduced by Bill Bush and 3 co-sponsors

Delaware law modernizes insurance company examination procedures to adjust regulatory oversight standards for state-licensed insurers.

Signed by Governor
0
WeVote Research Nonpartisan
Bill Summary · HB 74

Legislative bill overview

HB 74 amends Delaware's Title 18 insurance code to modify the examination procedures and requirements for insurance companies operating in the state. The bill was introduced by a bipartisan group of legislators and successfully passed both chambers before being signed into law in August 2025.

Why is this important

Insurance examinations are critical regulatory tools that ensure companies maintain adequate financial reserves, comply with consumer protection laws, and remain solvent. Changes to examination procedures can affect how closely regulators oversee the insurance industry and the costs insurers bear for compliance, ultimately influencing insurance availability and pricing for Delaware consumers.

Potential points of contention

  • Regulatory oversight balance: Modifications to examination requirements could either strengthen consumer protection or reduce regulatory burden on insurers, depending on specific amendments made
  • Examination frequency and scope: Changes may alter how often insurers face examinations or what aspects of their operations are reviewed, affecting both regulator resources and insurer compliance costs
  • Competitive impact: Amendments could differentially affect large national insurers versus smaller regional competitors based on examination standards applied

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.