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2004 Summary of New State Laws - Delaware

Issue

Bill #

Bill Description

Financial Regulation

HB 272

Allows insurers to count goodwill as an asset in any determination of the financial condition. Effective 3/30/04. Chapter 214, Laws of 2004.

Motor Vehicle Insurance

(DUI)

HB 22

Revises sentencing guidelines driving-under-the-influence offenses and modifies conditions under which driver's licenses may be suspended and reinstated relative to those offenses. Effective 6/29/04. Chapter 285, Laws of 2004.

(DUI)

HB 111

Revises provisions addressing blood- and breath-alcohol levels related to driving-under-the-influence. Effective 7/12/04. Chapter 333, Laws of 2004.

(Premium Rate Regulation)

HCR 40

Urges auto insurers to recognize the success of the state's driver education programs in lowering teen accident rates by reducing premiums. Effective 3/31/04.

(Seat Belt Enforcement)

HB 43

Stipulates that any occupant 16 years or older is required to wear a seatbelt, but failure to do so by more than one person in the same vehicle at the same time is not treated as a separate offense. Effective 6/30/04. Chapter 90, Laws of 2004.

The information contained in this summary is not intended as a portrayal of every property/casualty-related law enacted in each state. Rather, it represents recently enacted legislation specifically identified by NAMIC State and Regulatory Affairs Staff as bearing direct relevance to those issues that represent NAMIC's National State Legislative Agenda or otherwise deemed pertinent to the interests of the majority of NAMIC members.

This summary is for use as a convenient tool for our members, and is not intended, and should not be considered to be, legal advice. Please consult your legal representatives.

Delaware State Resource Center