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Senate passes House Bill 7, a tax-code cleanup for captive insurance companies
2809600 · March 27, 2025
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Summary
House Bill 7, a Department of Insurance cleanup measure clarifying tax treatment for captive insurers, passed the Senate by roll call. Sponsors said it resolves an inconsistency in the insurance code and does not change the underlying captive insurance regulatory framework.
House Bill 7, described on the floor as a Department of Insurance technical cleanup, passed the Senate on March 27.
Senator Manzanvinos, speaking for the bill, said the measure "addresses an inconsistency in the insurance code relating to how taxes for…
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