SB 990: Protected Cell Captive Insurance Companies
GENERAL BILL by Leek
Protected Cell Captive Insurance Companies; Specifying that a protected cell captive insurance company may only insure certain risks; revising the unimpaired paid-in capital requirements for captive insurance companies; authorizing one or more sponsors to form a protected cell captive insurance company; requiring applicant protected cell captive insurance companies to file certain information with the Office of Insurance Regulation; authorizing protected cell captive insurance companies to establish and maintain certain protected cells, subject to certain approvals granted by the office, etc.
Effective Date: 7/1/2026
Last Action: 2/25/2026 Senate - Placed on Calendar, on 2nd reading
Bill Text: Web Page | PDF
Last Action: 2/25/2026 Senate - Placed on Calendar, on 2nd reading
Bill Text: Web Page | PDF
Senate Committee References:
Bill History
| Date | Chamber | Action |
|---|---|---|
| 12/19/2025 | Senate |
• Filed |
| 1/7/2026 | Senate |
• Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Rules |
| 1/13/2026 | Senate |
• Introduced |
| 1/30/2026 | Senate |
• On Committee agenda-- Banking and Insurance, 02/04/26, 10:30 am, 412 Knott Building |
| 2/4/2026 | Senate |
• Favorable by Banking and Insurance; YEAS 10 NAYS 0 • Now in Appropriations Committee on Agriculture, Environment, and General Government |
| 2/13/2026 | Senate |
• On Committee agenda-- Appropriations Committee on Agriculture, Environment, and General Government, 02/18/26, 10:30 am, 412 Knott Building |
| 2/18/2026 | Senate |
• Favorable by Appropriations Committee on Agriculture, Environment, and General Government; YEAS 11 NAYS 0 • Now in Rules |
| 2/19/2026 | Senate |
• On Committee agenda-- Rules, 02/24/26, 12:00 pm, 412 Knott Building |
| 2/24/2026 | Senate |
• Favorable by- Rules; YEAS 23 NAYS 0 |
| 2/25/2026 | Senate |
• Placed on Calendar, on 2nd reading |
