HB 147 Summary

• Increases insurance licensing and filing fees across multiple categories in Delaware's Insurance Department fee schedule, with most fees rising by $25-$500 depending on the license type.

• Raises initial insurer certificate of authority application fees from $700 to $1,000 and increases annual continuation fees for various insurance entities (dental plans, managed care organizations, fraternal associations) from $100-$300 to $150-$500.

• Increases professional licensing fees for insurance producers, adjusters, appraisers, and brokers, with initial licenses rising from $75-$200 to $100-$250 and renewal fees increasing from $50-$125 to $100-$200.

• Raises form and rate filing fees from $50 to $150 and increases insurance premium finance company license fees from $300 to $500 annually.

• Requires all fee increases collected in Fiscal Year 2018 to be used solely for grants-in-aid appropriations for the fiscal year ending June 30, 2018.