2008 Senate Bill 1061 ↩

Senate Roll Call 37: Passed

To establish and impose state regulations on “captive insurance companies,” which are defined as a subsidiary created only to insure some or all of the risks of its parent company, which may be a single business or insurer, a trade association, or a group of companies in a particular industry. The bill would also impose a separate fee (tax) regime and rates on these entities.