An Act To Amend Title 18 Of The Delaware Code Relating To Licensing Fees And Department Of Insurance Funding.

DE HB18 is a law that changes the licensing fees for insurance companies in Delaware. It aims to provide more funding for the Department of Insurance, which oversees the insurance industry in the state. This adjustment is intended to ensure that the department has the necessary resources to effectively regulate and support the insurance market.

Supporters of DE HB18 argue that increasing licensing fees is a necessary step to enhance the Department of Insurance's capabilities. They believe that a well-funded department will lead to better oversight and protection for consumers, ultimately strengthening the insurance market in Delaware.

Critics of DE HB18 may argue that raising licensing fees places an additional financial burden on insurance companies, which could be passed on to consumers. They might express concern that this law prioritizes funding for the department over the affordability of insurance products for Delaware residents.

Source: LegiScan roll call vote data.