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House adopts captive-insurance bill with technical amendment
Summary
House File 2766, a bill relating to captive insurance companies and reinsurance, was passed by the House after a technical one-word correction to the bill text; the House recorded 91 ayes, 1 no, 8 absent.
Representative Lundgren presented House File 2766, concerning captive insurance companies and life captive reinsurance companies, and noted the bill originated with the Department of Insurance and Financial Services. A clerk-read technical amendment (H8379) corrected a word flagged by legislative services; the amendment was adopted by voice vote.
After adoption of the amendment, the bill was read for the last time and the House passed House File 2766 with a recorded vote (91 ayes, 1 nay, 8 absent). Representative Lundgren urged members to support the bill as a way to grow the insurance industry in the state.
