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Committee backs substitute for bill allowing public agencies to form captive insurers
2261114 · February 10, 2025
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Summary
The Business, Labor and Commerce Standing Committee unanimously adopted and recommended a first substitute for House Bill 68, which would let public agency mutuals and reserve funds create captive insurance companies and require state treasurer oversight of those funds.
Representative Dungan, sponsor of the proposal, told the Business, Labor and Commerce Standing Committee that the first substitute to House Bill 68 would authorize local-government-created public agency insurance mutuals and reserve…
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