NEWS FEED

Tag-A-Palooza 2024
Date Posted: October 24, 2024

Office of the Marijuana Commissioner: Licensing Lottery
Date Posted: October 23, 2024

AG Jennings issues open letter to Delaware landlords urging Delaware Landlord/Tenant Code Compliance
Date Posted: October 22, 2024

New Housing Vouchers for Delaware Families
Date Posted: October 21, 2024

Piping Plover Population in Delaware Experiences Slight Decline, Offset by Higher Nesting Success
Date Posted: October 21, 2024

National Slow Down Move Over Day Observed as Delaware Sees Near Record Crashes
Date Posted: October 18, 2024

Delaware Officials Unveil New Sign to Celebrate Delaware’s Agricultural Lands Preservation Program
Date Posted: October 17, 2024

DOJ secures prison time for former trooper
Date Posted: October 16, 2024

Colonial Teacher Named Delaware 2025 Teacher of the Year
Date Posted: October 15, 2024

Governor Carney Orders Lowering of Flags
Date Posted: October 15, 2024

Delaware Faces Dry Conditions: Open Burning Ban Issued, Water Conservation Urged
Date Posted: October 15, 2024

Burning Ban
Date Posted: October 15, 2024

DelDOT Announces 4th Annual Name That Plow Contest
Date Posted: October 15, 2024

Potassium Iodide Distribution on October 24 in Townsend
Date Posted: October 15, 2024

DPH Releases Latest Cancer Incidence and Mortality Trends in Delaware
Date Posted: October 14, 2024

Navarro Announces Eighth Consecutive Workers’ Comp Rate Decrease
Date Posted: October 14, 2024

Governor Carney Statement on Honorable James T. Vaughn, Jr.’s Passing
Date Posted: October 11, 2024

Delaware Celebrates $14.3 Million Climate Grant for I-95 Charging Infrastructure
Date Posted: October 10, 2024

AG Jennings Announces $52 Million Multistate Settlement with Marriott for Data Breach
Date Posted: October 10, 2024

First Spouse Tracey Quillen Carney, Delaware DOE, Delaware Readiness Teams Kick off Kindergarten Registration
Date Posted: October 9, 2024

Delaware Board of Pardons Reforms Support Second Chances
Date Posted: October 9, 2024

Look Out for Deer Crossing Roads During Mating Season, Delaware Authorities Caution Drivers
Date Posted: October 9, 2024

Governor Carney to Activate Delaware National Guard to Assist with Florida’s Hurricane Response
Date Posted: October 8, 2024

Food Bank, Lt. Gov. Hall-Long Coordinate Infant Formula, Supplies for Hurricane Helene Relief
Date Posted: October 8, 2024

Highmark Exam Results In Mental Health Parity Penalties
Date Posted: October 8, 2024

Governor Carney Statement on Former Mayor Ted Becker’s Passing
Date Posted: October 7, 2024

Fire Prevention Month 2024
Date Posted: October 6, 2024

2024 General Election Voter Registration Deadline is Saturday, October 12, 2024 at 11:59 p.m.
Date Posted: October 4, 2024

OMC Receives More than 1,000 Applications for Licenses and Prepares for the Lottery Process
Date Posted: October 3, 2024

Blackbird Creek Fall Festival Set For October 19
Date Posted: October 3, 2024

Medicare Assistance Bureau: Important Reminders Ahead of Open Enrollment
Date Posted: October 3, 2024

National Endowment for the Arts Announces $12 Million in Grants to Expand Access to Arts in Communities Nationwide
Date Posted: October 2, 2024

Delaware EARNS Registration Deadline Approaching
Date Posted: October 2, 2024

The Mezzanine Gallery to Exhibit Brandan Henry’s “Ebon Solus”
Date Posted: October 2, 2024

Delaware’s AP Success: Advancing Equity and Excellence
Date Posted: October 2, 2024

GACEC Partnering with Delaware YMCA to Host Resource Fair
Date Posted: October 1, 2024

McMaster Technique Offers Delaware Livestock Producers and Veterinarians More Options in Herd Health
Date Posted: October 1, 2024

DSHA Launches Landlord Incentive Program to Expand Housing Opportunities for Voucher Holders
Date Posted: October 1, 2024

Governor Carney Signs State Retiree Health Care Benefits Legislation
Date Posted: September 30, 2024

Delaware sends swift water team to North Carolina
Date Posted: September 30, 2024

Community Engagement Sessions for Delaware Climate Action Plan Update Planned
Date Posted: September 30, 2024

Delaware Division of the Arts and DETV Launch “Arts Alive Delaware” TV Series
Date Posted: September 26, 2024

Delaware Office of Highway Safety Announces New Campaign to Increase Safety on Delaware Roadways
Date Posted: September 26, 2024

15 DNREC Programs to Participate in UD’s Annual Coast Day
Date Posted: September 26, 2024

Bridge Damage to Require Extended Lane Closure on Route 896 South
Date Posted: September 25, 2024

DNREC Study Finds PFAS in Surface Water Samples
Date Posted: September 24, 2024

Two Delaware Schools Named 2024 National Blue Ribbon Schools
Date Posted: September 23, 2024

Five Schools Earn State School Counseling Award
Date Posted: September 23, 2024

Governor Carney Vetoes House Bill 140
Date Posted: September 20, 2024

First Spouse Tracey Quillen Carney Recognizes September as Literacy Month, Continues Reading Tour
Date Posted: September 19, 2024

Event at the Delaware Public Archives: Tales from the Vaults
Date Posted: September 19, 2024

Emergency Sirens Test on October 1
Date Posted: September 19, 2024

Delaware Brings Private Paid Family Medical Leave Policies to Market
Date Posted: September 19, 2024

DNREC Accepting Community Water Quality Improvement Project Grant Proposals
Date Posted: September 18, 2024

DNREC to Hold Community Information Session Sept. 24 on Indian River Inlet North Side Beach and Dune Repair
Date Posted: September 18, 2024

State Auditor’s Office Issues First Audit of Dual Employment of Government Officials Since 2017
Date Posted: September 17, 2024

Overdose Review Commission releases 2023 annual report
Date Posted: September 17, 2024

OWAA Releases Comprehensive Report on the Status of Women in Delaware
Date Posted: September 17, 2024

Poetry Out Loud to Celebrate 20th Anniversary During 2024-2025 School Year
Date Posted: September 16, 2024

Health Insurance Marketplace Data Released; Rates Finalized
Date Posted: September 16, 2024

Delaware News

Flag Status - FULL STAFF

Commissioner Stewart Offers Tax Solution for Captive Insurers

Captive Insurance | Insurance Commissioner | News | Date Posted: Monday, October 17, 2016

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DOVER, DE — Delaware Insurance Commissioner Karen Weldin Stewart has issued a bulletin which provides guidance to make it easier for captive insurers to comply with the new requirements within the federal Protecting Americans from Tax Hikes (PATH) Act. Captive Insurance Bulletin No. 6 establishes procedures so that owners of captive insurance companies may satisfy the PATH Act’s new mandates for owning captives.

For tax years after December 31, 2016, the PATH Act will increase the annual premium to $2.2 million that an insurer making the Internal Revenue Code section 831(b) election may receive. The PATH Act also creates two new provisions affecting these insurers. The first is how much premium an insurer may derive from a single person and the second is new ownership requirements for these insurers. Bulletin No. 6 establishes two cost efficient procedures that captive insurance company owners may follow that either change the ownership of an existing captive, or allow for the creation of a new captive.

“I am very proud that my captive insurance staff has established guidance that responds to a change in federal tax laws,” said Stewart. “Delaware’s captive insurance program is known throughout the world as an advocate for the captive insurance industry. Bulletin No. 6 once again affirms Delaware’s position by offering a timely and efficient regulatory option for captive insurance companies.”

The full text of Captive Insurance Bulletin No. 6 can be found at http://www.delawareinsurance.gov/departments/documents/bulletins/CaptiveInsuranceBulletinNo6.pdf.

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