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CS/HB 1191: Captive Insurance

GENERAL BILL by Insurance and Banking Subcommittee ; Nelson

Captive Insurance; Revises terminology; prohibits industrial insured captive insurance company from insuring risks other than specified risks; authorizes licensure of industrial insured captive insurance companies to provide workers' compensation & employer's liability insurance in excess of specified amount; requires industrial insured captive insurance company to maintain certain amount of capital & surplus in order to continue to write excess workers' compensation; specifies certain duties or actions are responsibility of OIR; provides applicability of specified provisions to captive insurance companies & industrial insured captive insurance companies; requires pure captive insurance company to submit certain standards relating to risk management of controlled unaffiliated businesses to OIR for approval.

Effective Date: 7/1/2013
Last Action: 6/17/2013 - Chapter No. 2013-209
Location: Became Law
Bill Text: PDF



Bill History

Date Chamber Action
3/1/2013 House • Filed
3/5/2013 House • Introduced -HJ 116
3/6/2013 House • Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee -HJ 200
3/15/2013 House • PCS on Committee agenda-- Insurance and Banking Subcommittee, 03/19/13, 1:00 pm, 404 HOB
3/19/2013 House • CS by Insurance and Banking Subcommittee; YEAS 12 NAYS 0
3/25/2013 House • Pending review of CS under Rule 7.19(c)
• CS by Insurance and Banking Subcommittee read 1st time -HJ 344
3/26/2013 House • Original reference(s) removed: Government Operations Appropriations Subcommittee
• CS referred to Regulatory Affairs Committee -HJ 356
• Now in Regulatory Affairs Committee -HJ 356
4/2/2013 House • On Committee agenda-- Regulatory Affairs Committee, 04/04/13, 10:30 am, 404 HOB
4/4/2013 House • Favorable by- Regulatory Affairs Committee; YEAS 17 NAYS 0 -HJ 437
• Placed on Calendar -HJ 437
4/24/2013 House • Placed on Special Order Calendar, 04/26/13
4/26/2013 House • Read 2nd time -HJ 903
• Amendment(s) adopted (607153) -HJ 903
• Placed on 3rd reading
4/29/2013 House • Read 3rd time -HJ 935
• CS passed as amended; YEAS 116 NAYS 0 -HJ 935
4/29/2013 Senate • In Messages
• Received -SJ 789
• Referred to Banking and Insurance; Commerce and Tourism; Appropriations -SJ 789
• Withdrawn from Banking and Insurance; Commerce and Tourism; Appropriations -SJ 751
• Placed on Calendar, on 2nd reading -SJ 751
• Substituted for CS/CS/SB 1408 -SJ 751
• Read 2nd time -SJ 751
• Read 3rd time -SJ 751
• CS passed; YEAS 38 NAYS 0 -SJ 751
4/29/2013 House • Ordered enrolled -HJ 968
6/10/2013 • Signed by Officers and presented to Governor
6/14/2013 • Approved by Governor
6/17/2013 • Chapter No. 2013-209