An act relating to captive insurance companies

Summary

The bill stops risk‑retention groups from making loans or investments in their own parent company or its affiliates, except for pre‑existing arrangements. It also revises how captive insurance companies and risk‑retention groups must report their finances, and requires newly‑started protected cells in sponsored captives to certify they have proper funding. The changes aim to improve transparency and prevent conflicts of interest in the captive insurance sector.

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