Delaware Property and Casualty Retaliatory Statement

State:
Delaware
Control #:
DE-INS-2
Format:
PDF
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Description

Delaware Property and Casualty Retaliatory Statement
Delaware Property and Casualty Retaliatory Statement is a document that is required for any insurance company that wishes to write property and casualty insurance in the state of Delaware. It is a statement of the company's intention to obey all laws and regulations regarding the issuance and sale of insurance in Delaware. The statement also includes an affirmation that the company will not retaliate against any consumer for filing a complaint with the state's insurance department. There are two types of Delaware Property and Casualty Retaliatory Statement: the General Statement and the Non-Resident Statement. The General Statement is used by all insurance companies that wish to write property and casualty insurance in Delaware, while the Non-Resident Statement is used by companies that are licensed in other states but wish to write insurance in Delaware. Both documents must be filed with the Delaware Department of Insurance.

Delaware Property and Casualty Retaliatory Statement is a document that is required for any insurance company that wishes to write property and casualty insurance in the state of Delaware. It is a statement of the company's intention to obey all laws and regulations regarding the issuance and sale of insurance in Delaware. The statement also includes an affirmation that the company will not retaliate against any consumer for filing a complaint with the state's insurance department. There are two types of Delaware Property and Casualty Retaliatory Statement: the General Statement and the Non-Resident Statement. The General Statement is used by all insurance companies that wish to write property and casualty insurance in Delaware, while the Non-Resident Statement is used by companies that are licensed in other states but wish to write insurance in Delaware. Both documents must be filed with the Delaware Department of Insurance.

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Form popularity

FAQ

0.5% on life, property, and casualty insurers; 0.4% on accident and health insurers; 0.4% on health maintenance organizations (HMOs) and limited health service organizations; 0.4% on dental service plans; ( 215 ILCS 5/409(1))

0.5% on life, property, and casualty insurers; 0.4% on accident and health insurers; 0.4% on health maintenance organizations (HMOs) and limited health service organizations; 0.4% on dental service plans; ( 215 ILCS 5/409(1))

Retaliatory law is a state law providing that another state will be treated in the same terms that the home state is treated by the foreign state in dealings with insurance.

When are state premium taxes due? State Tax on Life Insurance and Annuity Premium As of January 1, 2023CA - California0.50%2.35%CO - Colorado0.00%2.00%FL - Florida1.00% (tax is absorbed by the insurance co.)1.00% (tax is absorbed by the insurance co.)ME - Maineno premium tax on qualified monies2.00%6 more rows

A retaliatory tax is owed when an out-of-state insurance company's domicile state (home state) imposes higher taxes on a California-domiciled insurer for the same business.

A retaliatory tax is the percentage difference between the tax rate of the domicile and the foreign tax rate of the state in which the premium is written. For instance, Tennessee has a premium tax rate of 2.25%, while Georgia has a foreign tax rate 4.75%.

The premium tax credit ? also known as PTC ? is a refundable credit that helps eligible individuals and families cover the premiums for their health insurance purchased through the Health Insurance Marketplace.

Premium tax refers to a tax, imposed by each state, on gross premium written by insurers allocable to risks located in that state.

More info

A foreign stock or mutual insurer seeking a Delaware Certificate of Authority authorizing it to transact. Volume II of the Retaliation Guide is intended to help you identify the state tax forms used for collecting premium and retaliatory taxes.Producer Appointment Fees. N.A.I.C. Property and Casualty Annual Statement. You may use the Department's main number: 3026747300. 31. Can the quarterly SL-1917 or the annual SL-1916 be completed online? Proving this statement. Joseph R., Jr., U.S. Senator from Delaware, prepared statement. This amount must match the Texas amount. The total net property-liability insurance claims and claims expense amounts are reflected in the Consolidated Statements of Operations.

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Delaware Property and Casualty Retaliatory Statement