Delaware HB18 amends licensing fees and funding for the Department of Insurance.
Delaware HB18 amends Title 18 of the Delaware Code to adjust licensing fees for various insurance professionals and entities. It specifies new fees for initial and renewal licenses for insurance producers, surplus lines brokers, motor vehicle appraisers, and others. The bill also modifies the funding mechanism for the Insurance Commissioner Regulatory Revolving Fund, directing certain fees and 15% of licensing fees to this fund. Additionally, it sets a cap on the fund's balance and mandates transfers to the General Fund if the balance exceeds $5,000,000.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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