CS/HB 883: Protected Cell Captive Insurance Companies
GENERAL BILL by Insurance & Banking Subcommittee ; Fabricio
Protected Cell Captive Insurance Companies; Revises definition of "captive insurance company" to include protected cell captive insurance company; restricts coverage by protected cell captive insurance companies to protected cell participants; provides minimum capital, net assets & surplus requirements for protected cell captive insurance companies; provides requirements for formations of protected cell captive insurance companies; requires assets & liabilities of protected cells to be separate & separately identifiable from general accounts of captive insurance companies & from other protected cells; authorizes assets of different protected cells to be combined for specified purposes; provides procedures for pleadings in legal actions; provides procedures for protected cells for conversion to other forms, disaffiliation from captive insurance companies, & for merging with other protected cells.
Last Action: 2/16/2026 House - Added to Civil Justice & Claims Subcommittee agenda
Bill Text: PDF
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Bill History
Date Chamber Action 12/23/2025 House • Filed
1/5/2026 House • Referred to Insurance & Banking Subcommittee
• Referred to Civil Justice & Claims Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
1/13/2026 House • 1st Reading (Original Filed Version)
2/9/2026 House • Added to Insurance & Banking Subcommittee agenda
2/11/2026 House • Favorable with CS by Insurance & Banking Subcommittee
• Reported out of Insurance & Banking Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
• 1st Reading (Committee Substitute 1)
2/12/2026 House • Referred to Civil Justice & Claims Subcommittee
• Referred to Commerce Committee
• Now in Civil Justice & Claims Subcommittee
2/16/2026 House • Added to Civil Justice & Claims Subcommittee agenda
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CS/HB 883, Committee Substitute 1 (Current Bill Version) Posted 2/11/2026 at 4:46 PM
Bill Text: PDF Analyses: Civil Justice & Claims Subcommittee (Post-Meeting) 2/16/2026 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 990 Protected Cell Captive Insurance Companies Leek Similar Last Action: 2/13/2026 S On Committee agenda-- Appropriations Committee on Agriculture, Environment, and General Government, 02/18/26, 10:30 am, 412 Knott Building 
Citations - Statutes (6)
Citation Catchline Location in Bill Location In Bill Help 628.901 Definitions. Page 5 (pdf) 628.905 Licensing; authority. Page 7 (pdf) 628.907 Minimum capital and net assets requirements; restriction on payment of dividends. Page 8 (pdf) 628.908 Surplus requirements; restriction on payment of dividends. Page 9 (pdf) 628.909 Applicability of other laws. Page 10 (pdf) 628.921 Page 10 (pdf) -
HB 883, Original Filed Version Posted 12/23/2025 at 10:27 AM
Bill Text: PDF Analyses: Insurance & Banking Subcommittee (Post-Meeting) 2/11/2026 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 990 Protected Cell Captive Insurance Companies Leek Identical Last Action: 2/13/2026 S On Committee agenda-- Appropriations Committee on Agriculture, Environment, and General Government, 02/18/26, 10:30 am, 412 Knott Building
Committee Amendments (2)
Amendment Sponsor Filed Last Committee Action Format 892381 - Amendment
Remove lines 189-224 and insert:Fabricio 2/10/2026
4:46 PMAdopted without Objection
2/11/2026PDF 394335 - Amendment
Remove line 417 and insert:Fabricio 2/10/2026
4:44 PMAdopted without Objection
2/11/2026PDF Citations - Statutes (6)
Citation Catchline Location in Bill Location In Bill Help 628.901 Definitions. Page 5 (pdf) 628.905 Licensing; authority. Page 7 (pdf) 628.907 Minimum capital and net assets requirements; restriction on payment of dividends. Page 8 (pdf) 628.908 Surplus requirements; restriction on payment of dividends. Page 9 (pdf) 628.909 Applicability of other laws. Page 10 (pdf) 628.921 Page 10 (pdf)