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Committee reviews cleanup to align insurance tax provisions with practice
Summary
House Bill 7 was presented to the Senate Banking, Business Insurance, and Technology Committee as a technical cleanup to reconcile internal inconsistencies in the Delaware insurance code related to captive insurers and surplus line brokers; staff said the bill has no fiscal impact.
The Senate Banking, Business Insurance, and Technology Committee considered House Bill 7 on March 19, a technical cleanup intended to resolve internal inconsistencies in Delaware's insurance tax code.
House Bill 7, sponsored by Representative Bush and brought to the committee by staff working with Senator…
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