Bill Text: DE HB93 | 2013-2014 | 147th General Assembly | Draft
Bill Title: An Act To Amend Title 18 Of The Delaware Code Relating To Insurance Fees.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2013-04-30 - Stricken [HB93 Detail]
Download: Delaware-2013-HB93-Draft.html
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SPONSOR: |
Rep. B. Short & Sen. Bushweller |
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HOUSE OF REPRESENTATIVES 147th GENERAL ASSEMBLY |
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HOUSE BILL NO. 93 |
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AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO INSURANCE FEES. |
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Three-fifths of all members elected to each house thereof concurring therein):
Section 1.Amend Section 305(c), Title 18, of the Delaware Code by making insertions as shown by underlining as follows:
§305. Office; Insurance Commissioner Regulatory Revolving Fund.
(c)All supervisory assessments, examination fees and any rate filing or form filing fees paid by insurers, and all electronic filing fees paid by producers, and collected by the Commissioner pursuant to this title shall be deposited in the State Treasury to the credit of said Insurance Commissioner Regulatory Revolving Fund to be used in the operation of the office as authorized by the General Assembly in its annual operating budget.All other fees and/or taxes collected by the Commissioner shall not be deposited in said Fund but shall be deposited in the General Fund of the State.
Section 2.Amend Section 701(21), Title 18, of the Delaware Code by making insertions as shown by underlining and deletions as shown by strike through as follows:
§701.Fee Schedule.
Except as provided herein or otherwise by law, the Commissioner shall collect, in advance, fees, costs and miscellaneous charges as follows:
(21)Rate changes or deviations 50 65
Section 3.Amend Section 701(23), Title 18, of the Delaware Code by making insertions as shown by underlining and deletions as shown by strike through as follows:
§701.Fee Schedule.
Except as provided herein or otherwise by law, the Commissioner shall collect, in advance, fees, costs and miscellaneous charges as follows:
(23)Insurance producer (§1702(i) of this title), limited line credit insurance producer (§1702(l) of this title), limited lines producer (§1702(n) of this title) and miscellaneous limited lines producer (§1708(f) of this title).
a. Initial license (resident and nonresident)75 plus a $10 electronic filing fee
b. Resident license renewal (due biennially February 28 in even years beginning February 28, 2004)50 plus a $10 electronic filing fee
c. Resident insurance producer's, limited line credit insurance producer's, limited lines producer's initially licensed within 90 days prior to the renewal deadline of February 28 (December 1-February 28) are not subject to the renewal fee for that specific biennial renewal period referenced in paragraph (23)(b) of this section.
d. Nonresident license renewal (due biennially February 28 in odd years beginning February 28, 2003)75 plus a $10 electronic filing fee
e. Nonresident producer's, nonresident limited line credit insurance producer, nonresident limited lines producer and nonresident miscellaneous limited lines producer's initially licensed within 90 days prior to the renewal deadline of February 28 (December 1-February 28) are not subject to the renewal fee for that specific biennial renewal period referenced in paragraph (23)d. of this section.
f. One-time appointment of insurance producer, limited line credit insurance producer, limited lines producer and miscellaneous limited line producer (§1715 of this title), each insurer25
Section 4. Effective Date.This law is to be effective immediately.
SYNOPSIS
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