Fiscal Note

HB 303 — Fiscal Note/Fee Impact

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Mentions of “INSURANCE” — 7 found

… ILL NO. 303 SPONSOR: Representative B. Short DESCRIPTION: AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO INSURANCE In accordance with 29 Del. C. §913, the following information is provided relating to licenses and fees. Description …

… vided relating to licenses and fees. Description of the Legislation: This Act increases the annual assessment to each insurance company admitted or authorized to transact business in Delaware from $750 to $900 for the costs of administration and …

… transact business in Delaware from $750 to $900 for the costs of administration and operation of the Department of Insurance’s Fraud Prevention Bureau. Affected Entities: Current and future insurance companies admitted or authorized to transa …

… ation and operation of the Department of Insurance’s Fraud Prevention Bureau. Affected Entities: Current and future insurance companies admitted or authorized to transact business in the State of Delaware. The Department of Insurance estimate …

… d future insurance companies admitted or authorized to transact business in the State of Delaware. The Department of Insurance estimates there are currently 1,341 affected insurance companies. Fiscal Impact: The annual increase in revenue is …

… transact business in the State of Delaware. The Department of Insurance estimates there are currently 1,341 affected insurance companies. Fiscal Impact: The annual increase in revenue is projected to be $201,150. The overall revenue will inc …

… generated from the increased fees will be used to support administration and operating costs within the Department of Insurance. Prepared by Ruth Jones Office of the Controller General …

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Statutes cited

29 Del. C. §913