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SPONSOR: Rep. K. Williams & Sen. Paradee
Reps. Bush, Ross Levin, Wilson-Anton; Sens. Hansen,
Mantzavinos
HOUSE OF REPRESENTATIVES
153rd GENERAL ASSEMBLY
HOUSE BILL NO. 18
AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO LICENSING FEES AND
DEPARTMENT OF INSURANCE FUNDING.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Three-fifths of all members
elected to each house thereof concurring therein):
1 Section 1. Amend § 305, Title 18 of the Delaware Code by making deletions as shown by strike through and
2 insertions as shown by underline as follows:
3 § 305. Office; Insurance Commissioner Regulatory Revolving Fund.
4 (c) (1) All supervisory assessments, examination fees and any rate filing or form filing fees paid by insurers and
5 All of the following must be collected by the Commissioner pursuant to this title shall be and deposited in the State
6 Treasury to the credit of said Insurance Commissioner Regulatory Revolving Fund to be used in the operation of the office
7 as authorized by the General Assembly in its annual operating budget. budget:
8 a. Supervisory assessments.
9 b. Examination fees.
10 c. Rate filing and form filing fees paid by insurers.
11 d. 15% of all licensing fees of insurance professionals collected pursuant to paragraphs (23) through (31),
12 (35) through (37), (41) and (42) of § 701 of this title.
13 (2) All Except as otherwise provided by law, other fees and/orand taxes collected by the Commissioner shall
14 may not be deposited in said Fund but shall be deposited in the General Fund of the State.
15 (e) The maximum unencumbered balance which shall remain in the Insurance Commissioner Regulatory
16 Revolving Fund at the end of any fiscal year effective as of June 30, 2005; shall be $1,400,000; and any amount in excess
17 thereof shall cause the Insurance Commissioner to reduce assessments or fees collected in the next fiscal year by an amount
18 sufficient to reduce the Regulatory Revolving Fund fiscal year end balance back to or below $1,400,000. is $5,000,000. At
19 the end of each fiscal year, the unencumbered balance in the Insurance Commissioner Regulatory Revolving Fund in excess
20 of $5,000,000 must be transferred to the General Fund.
21 Section 2. Amend § 701, Title 18 of the Delaware Code by making deletions as shown by strike through and
22 insertions as shown by underline as follows: Page 1 of 6 Released: 01/30/2025 12:22 PM
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23 § 701. Fee schedule.
24 Except as provided herein or otherwise by law, the Commissioner shall collect, in advance, fees, costs and
25 miscellaneous charges as follows:
26 (23) Insurance producer (§ 1702(i) of this title), limited line credit insurance producer (as defined in § 1702
27 of this title), and limited lines producer (all as defined in § 1702 of this title) and miscellaneous limited lines producer
28 (§ 1708(f) of this title).
29 a. Initial license (resident and nonresident) 100 125
30 b. Resident license renewal (due biennially February 28 in even years beginning February 28, 2004) 100
31 125
32 c. Resident insurance producer's, limited line credit insurance producer's, limited lines producer's
33 producers, limited line credit insurance producers, and limited lines producers initially licensed within 90 days
34 prior to the renewal deadline of February 28 (December 1-February 28) are not subject to the renewal fee for that
35 specific biennial renewal period referenced in paragraph (23)b of this section.
36 d. Nonresident license renewal (due biennially February 28 in odd years beginning February 28, 2003)
37 100 125
38 e. Nonresident producer's, producers, nonresident limited line credit insurance producer, producers, and
39 nonresident limited lines producer producers and nonresident miscellaneous limited lines producer's initially
40 licensed within 90 days prior to the renewal deadline of February 28 (December 1-February 28) are not subject to
41 the renewal fee for that specific biennial renewal period referenced in paragraph (23)d. of this section.
42 f. One-time appointment of insurance producer, limited line credit insurance producer, and limited lines
43 producer and miscellaneous limited line producer (§ 1715 of this title), each insurer 50
44 (24) Amendments to license issued under Chapter 17 of this title 25 50
45 (25) Surplus lines broker (§ 1912 of this title):
46 a. Initial license (resident and nonresident) 250 275
47 b. Resident license renewal (due biennially February 28 in even years beginning February 28, 2004) 200
48 225
49 c. Resident surplus lines broker's brokers initially licensed within 90 days prior to the renewal deadline
50 of February 28 (December 1-February 28) are not subject to the renewal fee for that specific biennial renewal
51 period referenced in paragraph (25)b. of this section.
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52 d. Nonresident license renewal (due biennially February 28 in odd years beginning February 28, 2003)
53 200 225
54 e. Nonresident surplus lines broker's brokers initially licensed within 90 days prior to the renewal
55 deadline of February 28 (December 1-February 28) are not subject to the renewal fee for that specific biennial
56 renewal period referenced in paragraph (25)d. of this section.
57 (26) Fraternal representative (§ 1702(g) of this title):
58 a. Initial license (resident and nonresident) 100 125
59 b. Resident license renewal (due biennially February 28 in even years beginning February 28, 2004) 100
60 125
61 c. Resident fraternal representative's representatives initially licensed within 90 days prior to the renewal
62 deadline of February 28 (December 1-February 28) are not subject to the renewal fee for that specific biennial
63 renewal period referenced in paragraph (26)b. of this section.
64 d. Nonresident license renewal (due biennially February 28 in odd years beginning February 28, 2003)
65 100 125
66 e. Nonresident fraternal representative's representatives initially licensed within 90 days prior to the
67 renewal deadline of February 28 (December 1-February 28) are not subject to the renewal fee for that specific
68 biennial renewal period referenced in paragraph (26)d. of this section.
69 f. One-time appointment of fraternal representative (§ 1715 of this title), each society or association 50
70 (27) Adjuster (§ 1702(a) of this title):
71 a. Initial license (resident and nonresident) 100 125
72 b. Resident license renewal (due biennially February 28 in even years beginning February 28, 2004) 100
73 125
74 c. Resident adjuster's adjusters initially licensed within 90 days prior to the renewal deadline of February
75 28 (December 1-February 28) are not subject to the renewal fee for that specific biennial renewal period
76 referenced in paragraph (27)b. of this section.
77 d. Nonresident license renewal (due biennially February 28 in odd years beginning February 28, 2003)
78 100 125
79 e. Nonresident adjuster's adjusters initially licensed within 90 days prior to the renewal deadline of
80 February 28 (December 1-February 28) are not subject to the renewal fee for that specific biennial renewal period
81 referenced in paragraph (27)d. of this section.
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82 (28) Motor vehicle appraiser (§ 1702(c) of this title):
83 a. Initial license (resident and nonresident) 100 125
84 b. Resident license renewal (due biennially February 28 in even years beginning February 28, 2004) 100
85 125
86 c. Resident motor vehicle appraiser's appraisers initially licensed within 90 days prior to the renewal
87 deadline of February 28 (December 1-February 28) are not subject to the renewal fee for that specific biennial
88 renewal period referenced in paragraph (28)b. of this section.
89 d. Nonresident license renewal (due biennially February 28 in odd years beginning February 28, 2003)
90 100 125
91 e. Nonresident motor vehicle appraiser's appraisers initially licensed within 90 days prior to the renewal
92 deadline of February 28 (December 1-February 28) are not subject to the renewal fee for that specific biennial
93 renewal period referenced in paragraph (28)d. of this section.
94 (29) Apprentices (§ 1702(d) of this title) and temporary insurance producer (§ 1711 of this title)
95 License (initial) 50 75
96 (30) ”Viatical settlement provider” and viatical settlement broker (§ 7502 of this title):
97 a. Initial license (resident and nonresident) 250 275
98 b. Resident license License renewal (due biennially annually February 28 in even years beginning
99 February 28, 2004) 250 275
100 c. Resident viatical Viatical settlement provider's providers and brokers initially licensed within 90 days
101 prior to the renewal deadline of February 28 (December 1-February 28) are not subject to the renewal fee for that
102 specific biennial renewal period referenced in paragraph (33)b. paragraph (30)b. of this section.
103 d. Nonresident license renewal (due biennially February 28 in odd years ending in the numbers 1, 3, 5, 7,
104 9 beginning February 28, 2003) 250
105 e. Nonresident viatical settlement provider's initially licensed within 90 days prior to the renewal
106 deadline of February 28 (December 1-February 28) are not subject to the renewal fee for that specific biennial
107 renewal period referenced in paragraph (30)d. of this section.
108 (31) Business entity (insurance agency, § 1702(f) of this title):
109 a. Initial license (resident and nonresident) 100 125
110 a. .b. Resident license renewal (due biennially February 28 in even years beginning February 28, 2004)
111 100 125
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112 b. c. Resident business entity entities initially licensed within 90 days prior to the renewal deadline of
113 February 28 (December 1-February 28) are not subject to the renewal fee for that specific biennial renewal period
114 referenced in paragraph (23)b. paragraph (31)b. of this section.
115 c. d. Nonresident license renewal (due biennially February 28 in odd years beginning February 28, 2003)
116 100 125
117 d. e. Nonresident business entity entities initially licensed within 90 days prior to the renewal deadline of
118 February 28 (December 1-February 28) are not subject to the renewal fee for that specific biennial renewal period
119 referenced in paragraph (23)d. paragraph (31)d. of this section.
120 (35) Bail agent, initial and renewal:
121 Bail agent 200 225
122 (36)a. For initial licensing of a discount medical plan organization: 500 525
123 b. For renewal of discount medical plan organization license: 250 275
124 (37) Limited lines travel insurance producers (that are registering travel retailers under chapter 17B of this
125 title):
126 a. For initial licensing of a limited lines travel insurance producer: 1,000 1,025
127 b. For renewal of a limited lines travel insurance producer license: 500 525
128 c. Licensing periods, renewal datesrenewal dates, and appointments for limited lines travel insurance
129 producers are subject to paragraph (23) of this section.
130 (41) Rental company limited lines producer license (§ 2006 of this title), each year 325
131 (42) Portable electronics vendor limited lines license (§ 2057 of this title).
132 a. Initial license 1,025
133 b. License renewal 525
134 Section 3. Amend § 2006, Title 18 of the Delaware Code by making deletions as shown by strike through and
135 insertions as shown by underline as follows:
136 § 2006. Fees.
137 The fee for this limited license shall be $300 per year, per company. is the fee set forth in § 701 of this title.
138
139 Section 4. Amend § 2057, Title 18 of the Delaware Code by making deletions as shown by strike through and
140 insertions as shown by underline as follows:
141 § 2057. Application for license and fees.
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142 (e) Each vendor of portable electronics licensed under this chapter shall pay to the Insurance Commissioner a fee
143 as prescribed by the Commissioner but in no event shall the fee exceed $1,000 for an initial portable electronics limited
144 lines license and $500 for each renewal thereof. the fee set forth in § 701 of this title.
SYNOPSIS
Section 1 of this Act allows the Department of Insurance to retain a portion of the licensing fees for insurance
professionals in the Regulatory Revolving Fund. Section 1 of this bill also increases the maximum unencumbered balance
that the Commissioner shall maintain in the Insurance Commissioner Regulatory Revolving Fund to $5,000,000. The
previous balance was set by the General Assembly in 2005. Finally, Section 1 of this Act requires that any unencumbered
balance in the Regulatory Revolving Fund in excess of $5,000,000 at the end of each fiscal year be transferred to the
General Fund.
Section 2 of this Act increases the licensing fees for insurance professionals by $25 and makes certain technical
corrections. Sections 3 and 4 of this Act centralize licensing fees within one statutory provision (§ 701).
These changes are necessary to reflect the growth of the Department operating budget and to cover further
operating expenses realized as a result of additional statutory duties executed by the Insurance Department. The retention
of these funds will ensure that the Department continues providing high-level services to the consumers of Delaware,
maintains necessary staffing to satisfy NAIC accreditation standards, and avoids federal preemption.
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