AN ACT INCREASING A TAX INCENTIVE FOR CAPTIVE INSURANCE COMPANIES, PROMOTING THE CAPTIVE INSURANCE INDUSTRY...
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SB 878 — AN ACT INCREASING A TAX INCENTIVE FOR CAPTIVE INSURANCE COMPANIES, PROMOTING THE CAPTIVE INSURANCE INDUSTRY AND REQUIRING THE INSURANCE COMMISSIONER TO STUDY MICROCAPTIVE INSURERS.
Last action — REF. BY SEN. TO COMM. ON Appropriations
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill died with 2017 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Bill Text
What changed in the latest version
3 added · 4 removedPlain-language change summary
The amendment to SB 878 includes the addition of provisions related to increasing a tax incentive for captive insurance companies. It also establishes a requirement for the Insurance Commissioner to study the operations of microcaptive insurers. This change aims to promote the captive insurance industry within the state.
4251 *04251_______INS**_____SB00878INS___031017____* Referred to Committee on INSURANCE AND REAL ESTATE Introduced by:
3 from passage New section StatementINS ofJoint Purpose:Favorable
To increase a tax incentive for captive insurance companies, promote the captive insurance industry in this state and require the Insurance Commissioner to study the operations of microcaptive insurers.
[Proposed deletions are enclosed in brackets.
Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]
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Action History
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REF. BY SEN. TO COMM. ON Appropriations
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FILE NO. 247
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SENATE CALENDAR NUMBER 150
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FAV. RPT., TAB. FOR CAL., SEN.
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RPTD. OUT OF LCO
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REFERRED TO Office of Legislative Research AND Office of Fiscal Analysis 03/27/17
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FILED WITH LCO
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Joint Favorable
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PUBLIC HEARING 0302
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REF. TO JOINT COMM. ON Insurance and Real Estate
Sponsors
- Kevin C.' b'Kelly · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 186 not signed on
Sponsors (1)
- b'Kelly, Kevin C.'
Co-sponsors (0)
None.
Not signed on (186)
186 members have not signed on to this bill.
Show all 186 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- Who sponsors SB 878?
- SB 878 is sponsored by b'Kelly, Kevin C.'.
- What is the current status of SB 878?
- This bill died with 2017 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 878?
- Track SB 878 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 2 months ago · updated continuously
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