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Michigan House approves package to modernize captive-insurance rules (HB5380–HB5386)
Summary
The Michigan House passed a set of bills (HB5380–HB5386) to update the state's captive-insurance framework, supporters said the reforms will attract more firms and jobs while retaining regulatory safeguards; each bill passed on recorded roll calls, most by wide margins.
The Michigan House on March 4, 2026 approved a package of bills (House Bills 5380'5386) amending the Insurance Code of 1956 to modernize captive-insurance regulations and make Michigan more competitive for captive insurers.
Representative Brenda Carter, who spoke in support, said the package provides "important forward-looking updates to modernize captive insurance regulations" that will attract firms while preserving oversight and…
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