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2012 Regular Session
At the request of: (at the request of Senate Interim Committee on Business, Transportation and Economic Development)
Chief Sponsors:
Regular Sponsors: Printed pursuant to Senate Interim Rule 213.28 by order of the President of the Senate in conformance with presession filing rules, indicating neither advocacy nor opposition on the part of the President.
Bill Title: Relating to captive insurance; and declaring an emergency.
Catchline/Summary: Allows Director of Department of Consumer and Business Services to authorize captive insurers in this state.
Sets standards for captive insurers regarding formation, licensing, classes of insurance transacted and reporting. Exempts certain captive insurer documents from disclosure as public records. Sets tax treatment for captive insurers. Becomes operative on July 1, 2012. Increases biennial limitation on expenditures from fees, moneys or other revenues, including Miscellaneous Receipts and specified federal funds, but excluding lottery funds and other federal funds, for Department of Consumer and Business Services. Declares emergency, effective on passage.
Chapter Number: Chapter 84
Fiscal Impact: Fiscal Impact Issued
Revenue Impact: Revenue Impact Issued
Measure Analysis: Staff Measure Summary / Impact Statements
Current Location: Chapter Number Assigned
Current Committee:
Current Subcommittee:
Subsequent Referral(s):
Measure History
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