HB 86 — Session Law

… CHAPTER 147 FORMERLY HOUSE BILL NO. 86 AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO CAPTIVE INSURANCE. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Three-fifths of all members elected to each …

… ons as shown by strike through and insertions as shown by underline as follows: (c)(1) Except for a s eries captive insurance company, the annual minimum aggregate tax to be paid by a captive insurance company or a protected cell of a sponsore …

… ws: (c)(1) Except for a s eries captive insurance company, the annual minimum aggregate tax to be paid by a captive insurance company or a protected cell of a sponsored captive insurance company under subsections (a) and (b) of this section sh …

… the annual minimum aggregate tax to be paid by a captive insurance company or a protected cell of a sponsored captive insurance company under subsections (a) and (b) of this section shall be $5,000 and the annual maximum ag gregate tax to be pai …

… subsections (a) and (b) of this section shall be $5,000 and the annual maximum ag gregate tax to be paid by a captive insurance company or a protected cell of a sponsored captive insurance company under subsections (a) and (b) of this section sh …

… he annual maximum ag gregate tax to be paid by a captive insurance company or a protected cell of a sponsored captive insurance company under subsections (a) and (b) of this section shall be $200,000, provided, that the tax to be paid by a capti …

… mpany under subsections (a) and (b) of this section shall be $200,000, provided, that the tax to be paid by a captive insurance company under subse ctions (a) and (b) of this section and this subsection is subject to subsections (d), (e) and (f) …

… ) of this section and this subsection is subject to subsections (d), (e) and (f) of this section. Each series captive insurance company shall pay an annual minimum aggregate tax of $3,500. The aggregation of the tax paid by more than 1 series …