Bill Text: DE HB317 | 2013-2014 | 147th General Assembly | Engrossed
Bill Title: An Act To Amend Title 18 Of The Delaware Code Relating To Gross Premiums Received By Life And Health Insurers And The Special Fund For Payments To All Volunteer Ambulance Companies.
Spectrum: Bipartisan Bill
Status: (Passed) 2014-09-24 - Signed by Governor [HB317 Detail]
Download: Delaware-2013-HB317-Engrossed.html
SPONSOR: |
Rep. Carson & Rep. M. Smith, & Rep. Atkins, & Sen. Ennis, & Sen. Townsend |
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Reps. Baumbach, Blakey, Briggs King, Gray, Heffernan, Hudson, Jaques, J. Johnson, Q. Johnson, Kenton, Longhurst, Miro, Outten, Paradee, Ramone, B. Short, D. Short, Spiegelman, D.E. Williams, Wilson; Sens. Bushweller, Poore |
HOUSE BILL NO. 317 AS AMENDED BY HOUSE AMENDMENT NOS. 1 & 2 |
AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO GROSS PREMIUMS RECEIVED BY LIFE AND HEALTH INSURERS AND THE SPECIAL FUND FOR PAYMENTS TO ALL VOLUNTEER AMBULANCE COMPANIES.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Three-fourths of all members elected to each house thereof concurring therein):
Section 1. Amend §713, Title 18 of the Delaware Code by making deletions as shown by strike through and insertions as shown by underline as follows:
§713. Reporting gross premiums received by life and health insurers;
special fund for payments to all nonprofit organizations that provide
ambulance or rescue services volunteer ambulance companies or rescue
services.
(a) The Insurance Commissioner each year shall ascertain the total amount
of gross premiums received by insurance companies and agents thereof as payment
for all types of life and/or health insurance coverage within this
State. The Insurance Commissioner shall then notify the State Treasurer of the
total amount of such gross premiums and also the names and addresses of all
nonprofit organizations that provide ambulance and/or rescue services within
this State, including, but not limited to, organizations such as volunteer fire
companies, the Veterans of Foreign Wars and the American Legion each
volunteer ambulance company or volunteer rescue service in this State.
After the Insurance Commissioner so informs the State Treasurer, the State
Treasurer shall:
(1) Establish a special fund each
year. This special fund shall be created out of the existing annual premium
taxes paid by insurance companies and agents thereof pursuant to this chapter
on all types of life and/or health insurance coverage within this State. The
special fund shall be created out of the aforesaid premium taxes, and shall be
equal to fifteen one-hundredths of 1 percent twenty one hundredths of
1 percent of the gross premiums received by insurance companies and agents
thereof for all types of life and/or health insurance coverage within this
State.
(2) Distribute on a pro rata basis the proceeds of the special fund to the aforementioned nonprofit organizations within this State that are engaged in providing ambulance and/or rescue services.
(b) The Insurance Commissioner shall have the authority to request and receive any information regarding any insurance company's business relating to any type of life and/or health insurance coverage sold or offered for sale within this State for the purpose of determining the gross premiums received for such insurance coverage in order to determine the amount of the special fund.
(c) For the purpose of implementing this section, the Insurance Commissioner is authorized to promulgate rules and regulations that are consistent with this section.
(d) For the purpose of this section:
(1) "Basic life support (BLS)" shall have the same meaning as set forth in §9702 of Title 16.
(2) "Volunteer ambulance company" shall mean a non-profit ambulance company that is certified by the State Fire Prevention Commission and is providing basic life support (BLS) services.