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Del. Code tit. 18, §§ 8701 through 8703: The Delaware Health Insurance Individual Market Stabilization Reinsurance Program – Delaware
Status: EnactedYear Enacted: 2019
File: Download
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.
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