Regulation and Oversight
Connecticut Approves Captive Bill on Protected Cell Use
Connecticut's HB 6433 expands captive insurance flexibility by permitting conversions into protected cells, enabling transfers between sponsored captives, and authorizing the Insurance Commissioner to address insolvent cells separately. Learn More
NAIC Opposes Federal Moratorium on AI Regulation in Insurance Sector
The National Association of Insurance Commissioners (NAIC) opposes a proposed 10-year federal moratorium on artificial intelligence (AI) regulation in insurance, warning it would hinder state oversight and disrupt current regulatory authority. The organization urges the Senate to remove the provision, citing concerns over consumer protection, federal preemption, and the need for continued supervision of emerging insurance technologies. Learn More
Georgia Expands Captive Insurance Framework with Enactment of House Bill 348
Georgia House Bill 348 modernizes the state's captive insurance code by expanding underwriting authority, defining "sponsor" for limited purpose subsidiaries, and broadening the definition of "controlled unaffiliated business." The legislation is designed to strengthen Georgia's appeal as a captive domicile and align its framework with other competitive jurisdictions. Read More
Vermont Updates Captive Insurance Statutes in 2025 Legislation
Vermont has enacted H.137, updating its captive insurance laws with clarifications on licensing, governance, and reinsurance. The changes support consistency across regulatory frameworks and come as the Vermont Captive Insurance Association celebrates its 40th year as a key industry partner. Read More
Montana Overhauls Captive Insurance Premium Tax Code with SB 60
Montana has enacted SB 60, revising its captive insurance tax code. The law introduces tiered premium tax rates, adjusts minimum tax thresholds, and clarifies how taxes apply to protected cells, series LLCs, and commonly owned captives. The changes take effect for tax years beginning after December 31, 2025. Read More
South Carolina Senate Bill 210 Updates Captive Insurance Statutes
South Carolina Senate Bill 210 revises its captive insurance code, eliminating fixed capital requirements for sponsored captives, expanding regulatory discretion, and adjusting reporting and tax provisions. The bill clarifies definitions, streamlines governance rules, and reflects a risk-based regulatory approach. It awaits the governor's signature as of May 2025. Read More
Arizona HB 2193 Adds Dormant Captive Status, Lowers Cell Capital, Updates Governance
Arizona HB 2193 revises captive insurance statutes by introducing a dormant status for inactive captives, lowering capital requirements for protected cells, and updating governance language to include LLC-managed captives. These changes modernize Arizona's framework and support varied captive structures and operational needs. Read More