The Senate passed Senate Bill 229 unanimously last month, with Senator Trey Paradee not voting, and the bill is already out of committee in the House and ready for a vote.
This bill, sponsored by Senator Spiros Mantzavinos, requires applicants for a Delaware resident producer insurance 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.
|Senate Bill 229 Sponsors||Yes Votes||No Votes|
|Mantzavinos, Lopez, Wilson||Senate Passes 20-0-1. Brown Ennis Gay Hansen Lockman Mantzavinos Pinkney Poore S.McBride Sokola Sturgeon Townsend Walsh Bonini Hocker Lawson Lopez Pettyjohn Richardson Wilson||Paradee (not voting)|
|Current Status:||Out of committee in the House 3/22/22|