HOUSE BILL NO. 254
AS AMENDED BY
SENATE AMENDMENT NO. 1
AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO EXPENSES AND FEES FOR FORM AND RATE FILINGS.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Three-fifths of all members elected to each house thereof concurring therein):
Section 1. Amend §714, Title 18 of the Delaware Code by deleting §714 in its entirety and substituting in lieu thereof the following:
"§714. Expenses and fees for form and rate filings.
In addition to a filing fee of $50, the expenses and fees of the Department of Insurance for the review and determination of a form and rate filing by an insurer shall be assessed to and paid by the insurer and shall include the reasonable and proper expenses of the Commissioner and the Commissioner's examiners and assistants, including expert assistance contracted for by the Commissioner. Such insurer shall promptly pay the form and rate filing review expense upon presentation by the Commissioner or the Commissioner's examiners of a reasonably detailed written account thereof.".
Section 2. Amend §701, Title 18 of the Delaware Code by adding a new subsection (34) thereto as follows:
"(34) Form, advertising and/or rule filings for each insurance policy or annuity contract or application …. 50".
Approved July 12, 2005