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DE HB96
Bill
Status
6/19/2019
Primary Sponsor
William Bush
Click for details
AI Summary
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Change premium tax payment deadline for captive insurance companies from March 1 to April 15 of each year in § 6914(a) and § 6914(b).
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Align captive insurers' premium tax payment deadline with their annual statement filing deadline, both now due April 15.
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Applies to all captive insurance companies except sponsored captive insurance companies and their protected cells, including special purpose financial captive insurance companies.
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Maintain existing tax rates: 2/10 of 1% on direct premiums (capped at $200,000 annually) and 1/10 of 1% on assumed reinsurance premiums (capped at $110,000 annually).
Legislative Description
An Act To Amend Title 18 Of The Delaware Code Relating To Captive Insurance Companies.
Last Action
Signed by Governor
6/19/2019