- HB05485 - AN ACT ESTABLISHING A CAPTIVE INSURANCE COMPANY TO ADMINISTER A BULK PURCHASE AND DISTRIBUTION OF GLUCAGON-LIKE PEPTIDE-1 PRESCRIPTION DRUGS TO QUALIFYING INDIVIDUALS IN THIS STATE TO TREAT OBESITY.
- HB06143 - AN ACT REQUIRING A STUDY OF THE FEASIBILITY OF ESTABLISHING A CAPTIVE INSURANCE COMPANY TO PROVIDE FINANCIAL ASSISTANCE TO FARMERS IMPACTED BY THE EFFECTS OF SEVERE WEATHER.
- HB07038 - AN ACT REQUIRING A STUDY OF THE FEASIBILITY OF ESTABLISHING A CAPTIVE INSURANCE COMPANY OR USING PARAMETRIC INSURANCE TO PROVIDE FINANCIAL ASSISTANCE TO FARMERS IMPACTED BY THE EFFECTS OF SEVERE WEATHER.
Substitute for Raised H.B. No. 6433
Session Year 2025
AN ACT CONCERNING CAPTIVE INSURANCE.
To: (1) Expand the applicability of the insurance penalty provision to captive insurance companies; (2) allow any captive insurance company to convert into one or more protected cells without impacting such company's assets, rights, benefits, obligations and liabilities; (3) allow any protected cell to be sold, transferred, assigned or conveyed to a new or existing sponsored captive insurance company with all of such protected cell's assets, rights, benefits, obligations and liabilities; and (4) allow the commissioner to separate any insolvent protected cell from any sponsored captive insurance company and address the insolvency of such protected cell separate from the financial condition of such sponsored captive insurance company.
Other Bills with Similar Topics
Captive insurance companies
