CHAPTER 526

RELATING TO INSURANCE COMPANIES

AN ACT TO AMEND CHAPTER 27, TITLE 18, OF THE DELAWARE CODE RELATING TO TAXES AND FEES FOR INSURANCE COMPANIES, AGENTS AND BROKERS.

Be it enacted by the General Assembly of the State of Delaware:

Section 1. Chapter 27, Title 18, Delaware Code, is hereby amended by striking out the first sentence of § 2711 and inserting in lieu thereof the following:

Every insurance company doing business in this state shall pay to the Insurance Commissioner on or before the first day of March, 1956, and on or before the first day of March of each year thereafter, in addition to other taxes, fees, and charges required by law, a tax equal to 2% of the gross premiums, less return and reinsurance premiums received from other companies or by an agent or agents of such company for such company, in cash or otherwise, from the insurance on insurable risks covering burglary, robbery, theft, automotive personal and property damage liability, and automotive medical payments within the limits of this state during the preceding calendar year.

Section 2. Chapter 27, Title 18, Delaware Code, is hereby amended by striking out the first sentence of § 2712 and inserting in lieu thereof the following:

Every insurance company doing business in this state shall in the year 1956 and annually thereafter, at the time that such company files its annual report as required by law, deliver to the Insurance Commissioner a full, detailed statement of all burglary, robbery, theft, automotive personal and property damage liability, and automotive medical payments business done by such company in this state for the year ending on the previous 31st day of December, which statement shall be verified by the

oath or affirmation of the president or vice-president and secretary or other officer of such company.

Approved November 7, 1955.