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.
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• In Messages • Received -SJ 789 • Referred to Banking and Insurance; Commerce and Tourism; Appropriations -SJ 789 • Withdrawn from Banking and Insurance; Commerce and Tourism; Appropriations -SJ 751 • Placed on Calendar, on 2nd reading -SJ 751 • Substituted for CS/CS/SB 1408 -SJ 751 •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 |
