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Panel approves Kansas protected‑cell captive insurance act and related captive law changes
Summary
The committee approved House Bill 2,334 to enact a Kansas protected cell captive insurance company act and amend the existing captive insurance law. The committee adopted two amendments including restoring "accident and health" language and a technical update to the Kansas Register reference.
House Bill 2,334, which would enact the Kansas Protected Cell Captive Insurance Company Act and amend existing captive insurance law, was advanced out of the Senate Financial Institutions and Insurance Committee on March 18 after the panel adopted two amendments.
Eileen, the committee staff member, briefed members that sections 1 through 10 of the bill "would enact the Kansas protected cell captive insurance company act,"…
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