Delaware General Assembly

Signed 5/5/16

The General Assembly has ended, the current status is the final status.

1/12/16

B. Short

Sen. Bushweller, Bonini, Cloutier, Ennis, Lopez
Reps. Keeley, Kowalko, D. Short

AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO INSURANCE.

This bill sets the premium tax rate for trust owned private placement life insurance contracts covering the life of an individual at 2% for the first $100,000 in premiums collected, with a premium tax rate of 0.0% for all premiums collected in excess of $100,000.

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Takes effect upon being signed into law

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