House Bill 47
152nd General Assembly (Present)
Out of Committee 1/18/23
Legislation has been voted out of Committee; now placed on the Ready List
AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS.
Delaware’s capital and surplus requirements for insurers have been in place for over fifty years and are currently among the lowest in the country. This bill increases the minimum amount of capital stock and free surplus an insurer must possess and maintain in order to transact business in the State of Delaware, making them more in line with other jurisdictions.
Takes effect upon being signed into law