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Legislation watch
2018 Senate Bill 898: Revise “captive” insurance company regulation detail
Public Act 397 of 2018
Introduced by Sen. Joe Hune R-Whitmore Lake on March 8, 2018
To revise details of a law that regulates “captive” insurance companies, which are ones owned and controlled by those they insure (generally a business). Official Text and Analysis.
Referred to the Senate Insurance Committee on March 8, 2018
Reported in the Senate on May 24, 2018
With the recommendation that the bill pass.
Received in the House on May 30, 2018
Referred to the House Insurance Committee on May 30, 2018
Reported in the House on November 29, 2018
Without amendment and with the recommendation that the bill pass.
Signed by Gov. Rick Snyder on December 19, 2018