DE HB376 | 2011-2012 | 146th General Assembly

Status

Spectrum: Slight Partisan Bill (Democrat 6-2)
Status: Introduced on June 7 2012 - 25% progression, died in chamber
Action: 2012-06-28 - Reported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 7 On Its Merits
Text: Latest bill text (Draft #1) [HTML]

Summary

This bill increases the percentage from to of one percent the premium tax on insurance policies and uses those proceeds to fund the pension and medical coverage pension plans for retired state, county and municipal police officers and firefighters, including a health insurance benefit for dependent survivors of plan members killed in the line of duty. This bill also establishes a medical insurance benefit for eligible retirees of the County Municipal Police and Firefighter’s Fund as well as a medical survivor’s benefit for child survivors of vested members of the County Municipal Police and Firefighter’s Fund, such as Aubrey Spicer, daughter of the late Georgetown Police Officer Chad Spicer. The bill provides immediate vesting for any officer or employee killed in the line of duty enrolled in the plan. The 1/4 percent increase on insurance policies, excluding vehicle and boat coverage and workers compensation coverage (which are already exempted from the fee), is about $3.00 on $1200.00 of premiums surcharged.

Tracking Information

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Title

An Act To Amend Titles 18 & 29 Of The Delaware Code Relating To Insurance Fees And Taxes And To Establish A Medical Insurance Component For Retired Delaware County And Municipal Police And Firefighters Pension Plan.

Sponsors


History

DateChamberAction
2012-06-28 Reported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 7 On Its Merits
2012-06-27 Amendment HA 1 - Introduced and Placed With Bill
2012-06-07 Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House

Delaware State Sources


Bill Comments

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