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.
Introduced by:
Insurance and Real Estate Committee| New today | 2-4 days old | 5 days & older |
| Text of Bill | |
| Public Act No. 25-130 [doc] | |
| File No. 63 [doc] | |
| INS Joint Favorable Substitute [doc] | |
| Raised Bill [doc] |
| Votes | |
| Senate Roll Call Vote 415 | |
| House Roll Call Vote 324 |
| Committee Actions | |
| INS Joint Fav. Rpt | |
| INS Vote Tally Sheet (Joint Favorable Substitute) |
| Fiscal Notes | |
| Fiscal Note For File Copy 63 |
| Bill Analyses | |
| Bill Analysis For File Copy 63 | |
| Summary for Public Act No. 25-130 |
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Co-sponsors for Amendment LCO:
Bill History
| Date | Action Taken | ||
|---|---|---|---|
| 7/8/2025 | Signed by the Governor | ||
| 6/25/2025 | Transmitted by Secretary of the State to Governor | ||
| 6/25/2025 | Transmitted to the Secretary of State | ||
| 6/16/2025 | (LCO) | Public Act 25-130 | |
| 6/4/2025 | On Consent Calendar / In Concurrence | ||
| 6/4/2025 | Senate Passed | ||
| 6/3/2025 | Senate Calendar Number 616 | ||
| 6/3/2025 | Favorable Report, Tabled for the Calendar, Senate | ||
| 6/3/2025 | Transmitted Pursuant To Joint Rule 17 | ||
| 6/3/2025 | House Passed | ||
| 3/10/2025 | (LCO) | File Number 63 | |
| 3/10/2025 | House Calendar Number 72 | ||
| 3/10/2025 | Favorable Report, Tabled for the Calendar, House | ||
| 3/10/2025 | (LCO) | Reported Out of Legislative Commissioners' Office | |
| 3/3/2025 | (LCO) | Referred to Office of Legislative Research and Office of Fiscal Analysis 03/10/25 12:00 PM | |
| 2/20/2025 | (LCO) | Filed with Legislative Commissioners' Office | |
| 2/20/2025 | (INS) | Joint Favorable Substitute | |
| 1/24/2025 | Public Hearing 01/28 | ||
| 1/23/2025 | Referred to Joint Committee on Insurance and Real Estate |
Co-sponsors of HB-6433
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