Bills

SB 2043: INSURANCE COMMISSIONER; INSURANCE; CAPTIVE INSURANCE COMPANIES; EXAMINATIONS; REPORT

  • Session Year: 2025-2026
  • House: Senate
  • Latest Version Date: 2026-04-06

Current Status:

In Progress

(2026-04-10: Received notice of disagreement (Sen. Com. No. 564).)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Until 12/31/2031, specifies that captive insurance companies that are not risk retention captive insurance companies are subject to examination no later than five years after licensure and any additional examination at the discretion of the Insurance Commissioner.  On or after 1/1/2032, subjects captive insurance companies that are not risk retention captive insurance companies to examination at least once every five years.  Requires the Insurance Commissioner to submit a report to the Legislature before the Regular Session of 2031.  Effective 7/1/3000.  (HD1)

Discussed in Hearing

House Standing Committee on Consumer Protection & Commerce10MIN
Mar 31, 2026

House Standing Committee on Consumer Protection & Commerce

House Standing Committee on Consumer Protection & Commerce27SEC
Mar 31, 2026

House Standing Committee on Consumer Protection & Commerce

Senate Floor18SEC
Feb 6, 2026

Senate Floor

Senate Standing Committee on Commerce and Consumer Protection3MIN
Jan 29, 2026

Senate Standing Committee on Commerce and Consumer Protection

View Older Hearings

News Coverage:

SB 2043: Insurance Commissioner; Insurance; Captive Insurance Companies; Examinations; Report | Digital Democracy