DE HB15

Increases captive insurance company fees: application fee from $200 to $300, processing fee from $3,000 to $3,200, and annual renewal fee from $300 to $400.

Adds series captive insurance companies as a new licensing category, with minimum capital and surplus amounts specified by the Commissioner and annual minimum tax of $3,500.

Expands Commissioner's regulatory authority by allowing retention of external legal, financial, and examination services with reasonable costs charged to applicants, and extends liability protections to authorized representatives and examiners.

Increases premium tax caps: direct business from $125,000 to $200,000, assumed business from $75,000 to $110,000, with $200,000 aggregate cap, and removes tax benefits for captive insurance companies under common ownership and control.

Permits captive insurance companies to become members of the Federal Home Loan Bank system and makes them subject to Chapter 3 (except §331-333) and §2716 of Title 18.