NevadaSB50383rd Regular Session (2025)Senate

AN ACT relating to insurance; eliminating the Account for the Regulation and Supervision of Captive Insurers in the Fund for Insurance Administration and Enforcement; and providing other matters properly relating thereto.

Sponsored By: Senate Committee on Finance

Signed by Governor

BDR 57-1236

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Captive insurer money shifts to main fund

Beginning July 1, 2025, the state ends the separate captive insurer account. All fees and assessments from captive insurers go to the Fund for Insurance Administration and Enforcement. For captive insurer premium taxes, 25% goes to the Fund and 75% goes to the State General Fund. Any money left in the old account on July 1, 2025 stays in the Fund and can be used for any allowed Fund purpose. The Division of Insurance and the State Treasurer now manage these receipts within the main Fund.

Sponsors & Cosponsors

Sponsor

  • Senate Committee on Finance

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 62 • No: 0

House vote • 6/2/2025

Final Passage - Assembly (As Introduced)

Yes: 42 • No: 0

Senate vote • 5/29/2025

Final Passage - Senate (As Introduced)

Yes: 20 • No: 0

Actions Timeline

  1. Chapter 516.

    6/11/2025legislature
  2. Approved by the Governor.

    6/10/2025legislature
  3. Enrolled and delivered to Governor.

    6/5/2025legislature
  4. To enrollment.

    6/4/2025Senate
  5. In Senate.

    6/3/2025Senate
  6. Read third time. Passed. Title approved. (Yeas: 42, Nays: None.) To Senate.

    6/2/2025House
  7. Read second time.

    6/1/2025House
  8. Placed on Second Reading File.

    6/1/2025House
  9. From committee: Do pass.

    6/1/2025House
  10. Read first time. Referred to Committee on Ways and Means. To committee.

    5/29/2025House
  11. In Assembly.

    5/29/2025House
  12. Read third time. Passed. Title approved. (Yeas: 20, Nays: None, Excused: 1.) To Assembly.

    5/29/2025Senate
  13. Read second time.

    5/28/2025Senate
  14. Placed on Second Reading File.

    5/28/2025Senate
  15. From committee: Do pass.

    5/28/2025Senate
  16. From printer. To committee.

    5/22/2025Senate
  17. Read first time. Referred to Committee on Commerce and Labor. To printer.

    5/21/2025Senate

Bill Text

  • As Enrolled

  • As Introduced

Related Bills

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