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Senate committee hears SB 60 on captive insurance fiscal note; proponents from state auditor and industry back bill
Senate Finance and Claims · February 11, 2025
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Summary
Sen. Mark Noland introduced SB 60 on captive insurance; representatives from the state auditor's office and the Montana Captive Insurance Association provided fiscal-note oversight and support; committee received a printed fiscal note after a brief pause and then advanced the bill in executive action later in the session.
Senator Mark Noland opened Senate Bill 60, a re-referral that focuses on fiscal implications for captive insurance. The state auditor’s office and the deputy insurance commissioner (Frank Cote) were present to explain the fiscal note and answer questions.…
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