SB 2042: INSURANCE; SPONSORED CAPTIVE INSURANCE COMPANIES; MINIMUM CAPITAL AND SURPLUS; REDUCTION
- Session Year: 2025-2026
- House: Senate
- Latest Version Date: 2026-02-05
Current Status:
In Progress
(2026-02-06: Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Final Decking
Enacted
Version:
Reduces the unimpaired minimum capital and surplus that class 4 sponsored captive insurance companies are required to maintain. Effective 1/1/3000. (SD1)
Discussed in Hearing
3MINJan 29, 2026