An Act to Amend Title 18 of the Delaware Code Relating to Insurance and Financial Intermediaries
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
- Stage
- Session ended
- Started in
- Senate
- Latest action
- Jun 30
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Needs attention)
Law (Not started)
What it does
This Act clarifies that a securities intermediary or bank acting solely in an administrative, trustee or custodial capacity shall not incur liability for receipt of policy proceeds. This Act also preserves recovery rights against investors and applies only to actions brought on or after the date of enactment of this Act into law.
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
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