Notification Of Cancellation Or Non-Renewal Of Contracts For Insurance
This legislation requires insurance companies to provide proof of delivery of any notification of cancellations and non-renewals of all insurance contracts and annuity contracts within the jurisdiction of the Department of Insurance other than Reinsurance and Wet Marine and transportation insurance.

Property And Casualty Actuarial Opinion
This legislation requires all property and casualty insurance companies doing business in the State of Delaware to annually submit to the Department of Insurance the opinion of an appointed actuary entitled “Statement of Actuarial Opinion.” along with other identified documentation.  The bill brings the Department of Insurance into compliance with the National Association of Insurance Commissioners’ accreditation requirements.

Investment Flexibility.
This legislation adds a new Section 1333 to Chapter 13, Investments.  The new section provides additional investment flexibility to domestic insurers that are well capitalized by increasing the aggregate investment limitations contained in various sections of Chapter 13.  This legislation applies to insurers having a Risk Based Capital (RBC) level greater than 400% of the RBC Authorized Control Level.

Prohibition Against The Rescission Of Health Insurance
This legislation bars the use of post-claims underwriting (rescission) with respect to enumerated health insurance policies except as otherwise provided and to comply with the requirements of the federal insurance reform laws-The Patient Protection and Affordable Care Act-P.L. 111-148 and The Health Care and Education Act of 2010-P.L. 111-152.