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The Florida Senate

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: 2/4/2026 Senate - Now in Appropriations Committee on Agriculture, Environment, and General Government
Bill Text: Web Page | PDF



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