On July 5, 2017, Delaware Insurance Commissioner Trinidad Navarro issued Universally Applicable Bulletin No. 2 affecting all parties engaged in the business of insurance in Delaware. Bulletin No. 2, effective July 1, 2017, notifies the insurance community of the increases to the fees and charges collected by the Delaware Department of Insurance. As a result of the changes, all checks postmarked after July 1, 2017 must be at the new rates listed in the bulletin. Insurers, Producers, and all parties currently operating in or seeking to operate in the state of Delaware should plan accordingly for these increases and the greater financial burden the increases will bring.
Click here to see Bulletin No. 2
For any questions regarding Bulletin No. 2, or for assistance in compliance matters pertaining to the new law, please contact Westmont Associates, Inc.
info@westmontlaw.com | (856) 216-0220 | westmontlaw.com
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