Committee advances bill modernizing captive insurance rules intended to boost market options
House Bill 635 would update Louisiana’s captive insurance law—defining captive types, capital and reporting requirements and ratifying regulatory clarity—and was moved forward by the committee with technical and redomestication clarifications added at the author’s request.
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House Bill 635, sponsored by Representative Bamberg, would comprehensively update the state’s captive-insurance statutes to define captive types (pure, association, branch captives), set capital-and-surplus minimums, and clarify exams, reporting and permissible lines of business.
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