"In today's economy, it is crucial that consumers understand their insurance coverage." The Commissioner continued, "With rising joblessness and falling home prices, Americans need to make sure they understand what their insurance policies cover. By making careful, informed decisions about their insurance, consumers can save money and ensure long-term protection for themselves and their loved ones."[more]
The Department of Insurance's rate comparison website allows Delawareans to compare auto and homeowner rates from more than 50 companies online. It has been recognized as one of the most comprehensive comparison tools in the country.
We've just finished the annual process of updating the homeowner insurance rates from the insurance companies and the new rates are online at http://compare.delawareinsurance.gov. Take a few minutes to compare rates and you'll see a significant difference among companies for the same policy. You could save hundreds or even thousands of dollars a year.
A memorandum of Permitted Practice Requests was issued by Commissioner Stewart on February 11, 2009. The Purpose of this notice is to advise companies of the Department's procedures and guidelines respecting applications for permitted statutory accounting practices. Click here to view the notice.
Changes To Premium Tax Filing For Companies And Surplus Lines Brokers
For all insurance companies and surplus lines brokers, there are important changes to the annual premium tax and annual renewal filing instructions that should be reviewed before starting year-end filing preparations. Key subjects in two new bulletins include:
Use of Online Premium Tax for Insurance (OPTins) for both companies and SL brokers encouraged by the Department
