The Consumer Federation of America testified before the Delaware Joint Finance Committee in support of additional resources and funding for the Delaware Department of Insurance. The Department is in charge of regulating Delaware’s insurance markets, protecting consumers from abuse and fraud, combatting unfair insurance discrimination, and ensuring that insurance rates are not too high.

Specifically, CFA asked that the Committee adopt the Department’s recommendations to retain an agent fee line as a new source of operating funds, create two additional administrative positions, and implement a 9% increase in ASF (appropriated special funds) authority for mandatory expense increases.

By providing more resources to the Insurance Department, Delaware will see substantial benefits in the form of better consumer protection, more efficient regulation and a stronger insurance market.