Statutes purpose is to establish a funding mechanism for the Delaware Health Insurance Individual Market Stabilization and Reinsurance Program. Statutes state that following a successful approval of Delaware’s § 1332 waiver application, any carrier subject to this chapter shall be assessed 2.75% annually on all amounts used to calculate the entity’s premium tax liability or the amount of the entity’s premium tax exemption value for the previous calendar year. If Delaware’s § 1332 waiver under the ACA is revoked, invalidated or expires, Delaware may no longer collect the assessment.