A bill for an act relating to captive insurance companies and life captive reinsurance companies, and including civil penalties. (Formerly HSB 756.) Effective date: 07/01/2026.

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Plain-English Summary

This bill makes changes to laws concerning captive insurance companies and introduces new regulations for life captive reinsurance companies. It clarifies definitions, reporting requirements, and operational rules for these companies. The bill also addresses confidentiality of tax returns and outlines penalties for violations.

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