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Committee hears bill to raise Department of Insurance fee retention and licensing fees
Summary
House Bill 18 would allow the Delaware Department of Insurance to retain up to $5,000,000 (up from $1,400,000) collected in licensing fees and would increase certain fees by $25; Department staff requested prompt passage to address rising expenses.
The Senate Banking, Business Insurance and Technology Committee on April 9, 2025, heard House Bill 18, which would amend Title 18 of the Delaware Code to increase the Department of Insurance's ability to retain licensing‑fee revenue and raise certain licensing fees.
Department and sponsor testimony said the bill would raise the Department of Insurance's retention cap from $1,400,000 to $5,000,000 and would increase licensing fees generally by $25. Chris…
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