Delaware General Assembly

Senate Banking, Business, Insurance & Technology 1/28/25

Awaiting consideration in Committee

1/16/25

Bush

Sen. Mantzavinos

Sen. Poore, Walsh

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

This bill resolves an internal inconsistency in the Insurance Code regarding the timing of payment of taxes for captive insurance companies and surplus lines brokers. Sections 1917 and 6914 of the Insurance Code specifically address the amount and timing of taxes due for surplus lines brokers and captive insurance companies, respectively. Surplus lines brokers and captive insurance companies will continue to pay premium taxes in accordance with Sections 1917 and 6914, respectively, as they have historically.

N/A

N/A

Takes effect upon being signed into law

N/A

View HTML View PDF