Regulation and Oversight

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. Read More

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. Read More

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 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 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