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
(2026-04-27: Conference committee meeting to reconvene on 04-28-26 2:30PM; Conference Room 224.)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Final Decking
Enacted
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
2MINConference Committee
10MINHouse Standing Committee on Consumer Protection & Commerce
27SECHouse Standing Committee on Consumer Protection & Commerce
18SECSenate Floor
3MIN