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Delaware News


 Pages Tagged With: "Department of Insurance"

Commissioner Stewart Offers Tax Solution for Captive Insurers

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.



Retirement Planning for All Ages: Commissioner Stewart Supports National Retirement Planning Week

National Retirement Planning Week runs from April 11 to 15, and Insurance Commissioner Karen Weldin Stewart joins with the National Retirement Planning Coalition to recommend that Delawareans of all ages take time to review their existing retirement strategy, or to formulate a plan if they don’t already have one.



Commissioner Stewart: Beware of Unscrupulous Tax Preparers

Commissioner Karen Weldin Stewart has received reports of tax preparers who are wrongly informing Delawareans without health insurance that they are subject to penalty payments under the Affordable Care Act (ACA). Some unscrupulous preparers actually tell clients that the payments can be paid directly to that preparer, who then pockets the money.



Commissioner Stewart: Delawareans Pay 7th Lowest Homeowner’s Insurance Rates in U.S.

Insurance Commissioner Karen Weldin Stewart announced that Delawareans paid the 7th lowest average homeowner’s insurance premium in the country in 2013, the most recent year for which data is available.



Commissioner Stewart Outlaws “Widow’s Penalty” In Setting Auto Insurance Rates

Insurance Commissioner Karen Weldin Stewart announced today that she will not approve any auto insurance company’s rate submission that includes a “widow’s penalty,” under which a widow or widower is charged a higher rate based solely on the change in his or her marital status following the loss of a spouse.






 Pages Tagged With: "Department of Insurance"

Commissioner Stewart Offers Tax Solution for Captive Insurers

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.



Retirement Planning for All Ages: Commissioner Stewart Supports National Retirement Planning Week

National Retirement Planning Week runs from April 11 to 15, and Insurance Commissioner Karen Weldin Stewart joins with the National Retirement Planning Coalition to recommend that Delawareans of all ages take time to review their existing retirement strategy, or to formulate a plan if they don’t already have one.



Commissioner Stewart: Beware of Unscrupulous Tax Preparers

Commissioner Karen Weldin Stewart has received reports of tax preparers who are wrongly informing Delawareans without health insurance that they are subject to penalty payments under the Affordable Care Act (ACA). Some unscrupulous preparers actually tell clients that the payments can be paid directly to that preparer, who then pockets the money.



Commissioner Stewart: Delawareans Pay 7th Lowest Homeowner’s Insurance Rates in U.S.

Insurance Commissioner Karen Weldin Stewart announced that Delawareans paid the 7th lowest average homeowner’s insurance premium in the country in 2013, the most recent year for which data is available.



Commissioner Stewart Outlaws “Widow’s Penalty” In Setting Auto Insurance Rates

Insurance Commissioner Karen Weldin Stewart announced today that she will not approve any auto insurance company’s rate submission that includes a “widow’s penalty,” under which a widow or widower is charged a higher rate based solely on the change in his or her marital status following the loss of a spouse.