DelawareQualified employers’ insurance credits will use a 40% formula
For calculations sent on or after December 1, 2026, qualified Delaware employers’ workplace safety insurance credits will use a 40% formula.
What it does
Qualified employers’ insurance credits will use 40% of one minus a number tied to their prior rating. If they had no rating in the prior policy period, the Insurance Commissioner sets that number by rule. This applies to calculations sent on or after December 1, 2026.
Argument forQualified employers could pay less for workers’ compensation insurance when the formula gives them larger safety credits.
Argument againstInsurers could collect less in premiums from qualified employers when the formula produces larger safety credits.
More detail
The workplace safety credit formula uses 40% times one minus a number called C. It covers qualified employers in Delaware’s workplace safety program. C measures the employer’s credibility under the insurance rating plan for the policy period immediately before the credit. If the employer had no rating then, the Insurance Commissioner sets C by rule. Credits are rounded to the nearest whole percent. The formula applies to safety credit calculations the Department of Insurance communicates on or after December 1, 2026.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jun 10Signed by Governor Matt MeyerBecame Law
- May 5Passed By House. Votes: 37 YES 4 ABSENTPassed House
- Vote recorded Passage. Result: pass.Lower
- Apr 14Reported Out of Committee (Labor) in House with 4 Favorable, 7 On Its MeritsMinor
- Mar 26Assigned to Labor Committee in HouseMinor
- Mar 25Passed By Senate. Votes: 18 YES 3 ABSENTPassed Senate
- Vote recorded Passage. Result: pass.Upper
- Mar 18Reported Out of Committee (Labor) in Senate with 4 Favorable, 2 On Its MeritsMinor
- Mar 5Introduced and Assigned to Labor Committee in SenateIntroduced
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