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.
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Bill History
Date Chamber Action 12/19/2025 Senate • Filed
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SB 990, Original Filed Version (Current Bill Version) Posted 12/19/2025 at 12:59 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 883 Protected Cell Captive Insurance Companies Fabricio Identical Last Action: 12/23/2025 H Filed 
Citations - Statutes (6)
Citation Catchline Location in Bill Location In Bill Help 628.901 Definitions. Page 4 (pdf) 628.905 Licensing; authority. Page 6 (pdf) 628.907 Minimum capital and net assets requirements; restriction on payment of dividends. Page 7 (pdf) 628.908 Surplus requirements; restriction on payment of dividends. Page 8 (pdf) 628.909 Applicability of other laws. Page 9 (pdf) 628.921 Page 9 (pdf)