Act 255, on 07/14/2026 (Gov. Msg. No. 1357).
Summary
The bill mandates that captive insurance companies, except risk‑retention captives, receive a regulatory examination no later than five years after they are licensed and then at least every five years starting in 2032. The Insurance Commissioner may also conduct additional examinations at his or her discretion before that date. A comprehensive report on how well this examination system works must be delivered to the Legislature before the 2031 regular session.
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