DELAWARE INSURANCE DEPARTMENT: FORM FILING FEE CAP LEGISLATION INTRODUCED

At the request of industry representatives and with feedback provided by the staff at Westmont Associates, the Delaware Department of Insurance had House Bill 242 introduced in the General Assembly on June 20, 2019, which if enacted will cap form filing fees at $2000 per insurer in the filing. There are four legislative days left in the 2019 session, so the bill likely will not make it to the Senate floor until the last day, Sunday, June 30th. Delaware domiciled insurers had requested relief from high retaliatory fee expenses incurred in other states.

HB 242 may be viewed at the link below:

https://legis.delaware.gov/Search?searchTerm=hb%20242&assemblyId=150