DE| The Delaware Department of Insurance REVISED Bulletin No. 38 reminds insurance carriers of the $2,000 form filing fee cap under HB 242, clarifies that no fee is required for informational filings, and updates the process for correcting insufficient filing fees via the SERFF platform.
Key Points:
- Form filing fees are capped at $2,000 per filing per insurer, with group-wide filings subject to the cap for each participating insurer.
- Informational filings, such as certain Property and Casualty notifications or Life and Health statements, do not require any fee.
- Insurers have seven days to correct insufficient filing fees; failure to do so will result in filing rejection without a refund.