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.
Last Action: 2/19/2026 Senate - On Committee agenda-- Rules, 02/24/26, 12:00 pm, 412 Knott Building
Bill Text: Web Page | PDF
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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
2/13/2026 Senate • On Committee agenda-- Appropriations Committee on Agriculture, Environment, and General Government, 02/18/26, 10:30 am, 412 Knott Building
2/18/2026 Senate • Favorable by Appropriations Committee on Agriculture, Environment, and General Government; YEAS 11 NAYS 0
• Now in Rules
2/19/2026 Senate • On Committee agenda-- Rules, 02/24/26, 12:00 pm, 412 Knott Building
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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 Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 883 (c1) Protected Cell Captive Insurance Companies Insurance & Banking Subcommittee Similar Last Action: 2/20/2026 H Added to Commerce Committee agenda 
Committee Votes (2)
Date Committee Result 2/4/2026 10:30 AM Banking and Insurance 10 Yeas - 0 Nays 2/18/2026 10:30 AM Appropriations Committee on Agriculture, Environment, and General Government 11 Yeas - 0 Nays 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)