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

USA115th CongressHR-7133| House 
| Updated: 11/14/2018
Peter Welch

Peter Welch

Democratic Representative

Vermont

Financial Services Committee, Judiciary Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Nov 14, 2018
Introduced in House
Nov 14, 2018
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.
  • November 14, 2018
    Introduced in House
  • November 14, 2018
    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.

Finance and Financial Sector

Insurance industry and regulationState and local government operations

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

USA115th CongressHR-7133| House 
| Updated: 11/14/2018
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Nov 14, 2018
Introduced in House
Nov 14, 2018
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.
  • November 14, 2018
    Introduced in House
  • November 14, 2018
    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.
Peter Welch

Peter Welch

Democratic Representative

Vermont

Financial Services Committee, Judiciary Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Insurance industry and regulationState and local government operations