AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO CAPTIVE INSURANCE.
Summary
This bill corrects an unintended consequence of House Bill No. 15 of the 148th General Assembly, signed into law by the Governor on June 24, 2015, by preventing double taxation of premium ceded to a series captive insurance company or protected cell. This bill also precludes premium taxation of series limited liability companies, exclusive of any series thereof, when premium is written only in the series of such of series limited liability companies.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2017
Committee Review
Jun 2017
House Passage
May 2017
Senate Passage
Jun 2017
Signed into Law
Aug 2017
Introduced Mar 21, 2017
Signed Aug 30, 2017
Floor votes · House May 16, 2017
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
7
Key actions
5
Committee
2
Aug 30, 2017
Signed into law
Signed by Governor
executive
Jun 13, 2017
Upper · Passed
Passed By Senate. Votes: 18 YES 3 ABSENT
upper
Jun 7, 2017
Upper · Passed
Reported Out of Committee (Banking, Business & Insurance) in Senate with 4 On Its Merits
upper
May 17, 2017
Introduced
Assigned to Banking, Business & Insurance Committee in Senate
upper
May 16, 2017
Lower · Passed
Passed By House. Votes: 38 YES 2 ABSENT
lower
Mar 29, 2017
Lower · Passed
Reported Out of Committee (Economic Development/Banking/Insurance/Commerce) in House with 9 On Its Merits
lower
Mar 21, 2017
Introduced
Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House
lower
2 primary · 5 co-sponsors
Sponsors
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