To clarify the definition of nonadmitted insurer under the Nonadmitted and Reinsurance Reform Act of 2010, and for other purposes.

United States115th CongressHR-7133House of Representatives
Updated: Nov 14, 2018

Summary

Captive Insurers Clarification Act This bill specifies that captive insurance companies are not nonadmitted insurers under the Nonadmitted and Reinsurance Reform Act of 2010, which provides that nonadmitted insurers are regulated by the insured's home state.

Bill texts

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Introduced (House)View official text

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Timeline

  1. Introduced in House

  2. Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    House of Representatives

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