ConnecticutHB 064332025 Regular SessionHouse

AN ACT CONCERNING CAPTIVE INSURANCE.

Sponsored By: Insurance and Real Estate Committee

Signed by Governor

Summary

To: (1) Expand the applicability of the insurance penalty provision to captive insurance companies; (2) allow any captive insurance company to convert into one or more protected cells without impacting such company's assets, rights, benefits, obligations and liabilities; (3) allow any protected cell to be sold, transferred, assigned or conveyed to a new or existing sponsored captive insurance company with all of such protected cell's assets, rights, benefits, obligations and liabilities; and (4) allow the commissioner to separate any insolvent protected cell from any sponsored captive insurance company and address the insolvency of such protected cell separate from the financial condition of such sponsored captive insurance company.

insurance and real estate

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Insurance and Real Estate Committee

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 197 • No: 0

House vote • 2/20/2025

INS Vote Tally Sheet (Joint Favorable Substitute)

Yes: 13 • No: 0

House vote • 2/20/2025

House Roll Call Vote 324

Yes: 148 • No: 0

Senate vote • 2/20/2025

Senate Roll Call Vote 415

Yes: 36 • No: 0

Actions Timeline

  1. Signed by the Governor

    7/8/2025legislature
  2. Transmitted by Secretary of the State to Governor

    6/25/2025legislature
  3. Transmitted to the Secretary of State

    6/25/2025legislature
  4. Public Act 25-130

    6/16/2025legislature
  5. On Consent Calendar / In Concurrence

    6/4/2025legislature
  6. Senate Passed

    6/4/2025Senate
  7. Senate Calendar Number 616

    6/3/2025Senate
  8. Favorable Report, Tabled for the Calendar, Senate

    6/3/2025Senate
  9. Transmitted Pursuant To Joint Rule 17

    6/3/2025legislature
  10. House Passed

    6/3/2025House
  11. File Number 63

    3/10/2025legislature
  12. House Calendar Number 72

    3/10/2025House
  13. Favorable Report, Tabled for the Calendar, House

    3/10/2025House
  14. Reported Out of Legislative Commissioners' Office

    3/10/2025legislature
  15. Referred to Office of Legislative Research and Office of Fiscal Analysis 03/10/25 12:00 PM

    3/3/2025legislature
  16. Filed with Legislative Commissioners' Office

    2/20/2025legislature
  17. Joint Favorable Substitute

    2/20/2025legislature
  18. Public Hearing 01/28

    1/24/2025legislature
  19. Referred to Joint Committee on Insurance and Real Estate

    1/23/2025legislature

Bill Text

  • Public Act No. 25-130

    6/3/2025

  • File No. 63

    3/10/2025

  • INS Joint Favorable Substitute

    2/20/2025

  • Raised Bill

    1/23/2025

  • Bill Analysis For File Copy 63

  • Fiscal Note For File Copy 63

  • House Roll Call Vote 324

  • INS Joint Fav. Rpt

  • INS Vote Tally Sheet (Joint Favorable Substitute)

  • Senate Roll Call Vote 415

  • Summary for Public Act No. 25-130

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