DE HB213

Increases surplus lines broker tax from 2 percent to 3 percent on gross premiums charged for insurance placed in Delaware.

Directs one-third of funds collected from the increased tax to be set aside as a special fund for health insurance premiums for retired county and municipal police and firefighters, distributed by the State Treasurer to the Board of Pension Trustees on a per capita basis.

Establishes that the Board of Pension Trustees shall allocate annual funds from the special fund to provide up to 80 percent of retiree health insurance costs for county and municipal police and firefighters, with retirees paying the remaining difference.

Deposits payments for retired State Police into the Other Post-Employment Benefits Fund established under Title 29.

Provides that unused funds in the special fund shall revert to the General Fund if not utilized within 5 years of deposit; provisions become effective July 1 of the year following enactment.