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DE HB283

Bill

Status

Passed

8/2/2024

Primary Sponsor

William Bush

Click for details

Origin

House of Representatives

152nd General Assembly

AI Summary

  • Establishes new fee schedule for third-party administrator certificates of authority: $500 application fee, $100 for issuance, $100 for reinstatement, $100 for amendments, and $500 for duplicate certificates

  • Increases managed care organization license fees from $500 to $750 for original licenses and from $150 to $500 for annual continuation

  • Adds new captive insurer fees: $3,200 processing fee for examining and processing initial applications and $100 application fee for conditional certificate of authority

  • Creates registration fees of $1,000 for both initial registration and annual continuation for reciprocal jurisdiction reinsurers and certified reinsurers

  • Updates fraternal benefit society statutes to reference the centralized fee schedule in § 701 rather than specifying dollar amounts ($25) directly in individual code sections

Legislative Description

An Act To Amend Title 18 Of The Delaware Code Relating To Insurance.

Last Action

Signed by Governor

8/2/2024

Committee Referrals

Banking, Business, Insurance & Technology3/7/2024
Economic Development/Banking/Insurance & Commerce1/11/2024

Full Bill Text

No bill text available