DEPARTMENT OF INSURANCE
NOTICE OF PUBLIC COMMENT PERIOD
302 Captive Insurance Financial Regulation [Formerly Regulation 51]
INSURANCE COMMISSIONER MATTHEW DENN hereby gives notice of intent to adopt proposed Department of Insurance Regulation 302 relating to financial and reporting requirements of captive insurance companies. The docket number for this proposed amendment is 681.
The purpose of the proposed amendment to regulation 302 is to update the existing regulation with respect to statutory law. The text of the proposed amendment is reproduced in the April 2008 edition of the Delaware Register of Regulations. The text can also be viewed at the Delaware Insurance Commissioner’s website at: http://www.delawareinsurance.gov/departments/documents/ProposedRegs/ProposedRegs.shtml.
The Department of Insurance does not plan to hold a public hearing on the proposed changes. Any person can file written comments, suggestions, briefs, compilations of data or other materials concerning the proposed amendments. Any written submission in response to this notice and relevant to the proposed changes must be received by the Department of Insurance no later than 4:30 p.m., Monday May 5, 2008, and should be addressed to Mitchell G. Crane, Esquire, Delaware Department of Insurance, 841 Silver Lake Boulevard, Dover, DE 19904, or sent by fax to 302.739.2021 or email to firstname.lastname@example.org.