Donate
Bills

SB 1050: INSURANCE; CAPTIVE INSURANCE COMPANIES; INSURANCE COMMISSIONER; CERTIFICATE OF EXEMPTION; EXAMINATIONS

  • Session Year: 2025-2026
  • House: Senate
  • Latest Version Date: 2025-02-27

Current Status:

In Progress

(2025-12-08: Carried over to 2026 Regular Session.)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Allows captive insurance companies that are not risk retention captive insurance companies to apply to the Insurance Commissioner for certificates of exemption from examination after meeting certain requirements.  Effective 7/1/2050.  (SD1)

Discussed in Hearing

Senate Floor20SEC
Mar 4, 2025

Senate Floor

Senate Standing Committee on Commerce and Consumer Protection15MIN
Feb 14, 2025

Senate Standing Committee on Commerce and Consumer Protection

View Older Hearings

News Coverage:

SB 1050: Insurance; Captive Insurance Companies; Insurance Commissioner; Certificate of Exemption; Examinations | Digital Democracy