All Roll Calls
Yes: 218 • No: 1
UtahH.B. 682025 General SessionHouse
Insurance Funds Amendments
Sponsored By: James A. Dunnigan (Republican)
Signed by Governor
InsurancePublic Funds and AccountsBusiness
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
More investment flexibility for public insurance funds
Public agency insurance mutuals are exempt from Utah’s State Money Management Act; interlocal entities generally remain covered. The state treasurer must invest mutual assets for stability, income, and principal growth, using reasonable care, skill, and caution. The treasurer must consider investment purposes, terms, and payout needs, and can hire professional managers. Reserve funds—not mutuals—can buy securities listed in Section 51-7-11(3)(g) through (k) with up to 20 years remaining. That maturity limit does not apply when funds are pledged or otherwise deposited in an irrevocable trust escrow account.
Public insurance funds gain in-house insurer options
Public agency insurance mutuals and reserve funds can form one or more captive insurance companies. These are in-house insurers used to manage insurance risk. They must be formed under Utah’s Captive Insurance Companies Act. This authority does not provide a direct household payment or benefit.
Sponsors & Cosponsors
Sponsor
James A. Dunnigan
Republican • House
Cosponsors
Evan J. Vickers
Republican • Senate
Roll Call Votes
House vote • 3/3/2025
House/ concurs with Senate amendment
Yes: 73 • No: 0
House vote • 3/3/2025
House/ uncircled
Yes: 0 • No: 0
House vote • 3/3/2025
House/ circled
Yes: 0 • No: 0
Senate vote • 2/28/2025
Senate/ uncircled
Yes: 0 • No: 0
Senate vote • 2/28/2025
Senate/ circled
Yes: 0 • No: 0
Senate vote • 2/28/2025
Senate/ passed 3rd reading
Yes: 23 • No: 0
Senate vote • 2/28/2025
Senate/ substituted
Yes: 0 • No: 0
Senate vote • 2/27/2025
Senate/ passed 2nd reading
Yes: 22 • No: 0
Senate vote • 2/20/2025
Senate Comm - Favorable Recommendation
Yes: 4 • No: 0
House vote • 2/13/2025
House/ passed 3rd reading
Yes: 66 • No: 1
House vote • 2/10/2025
House Comm - Consent Calendar Recommendation
Yes: 10 • No: 0
House vote • 2/10/2025
House Comm - Substitute Recommendation
Yes: 10 • No: 0
House vote • 2/10/2025
House Comm - Favorable Recommendation
Yes: 10 • No: 0
House vote • Unknown
House/ circled
Yes: 0 • No: 0
Senate vote • Unknown
Senate/ substituted
Yes: 0 • No: 0
Senate vote • Unknown
Senate/ uncircled
Yes: 0 • No: 0
Senate vote • Unknown
Senate/ circled
Yes: 0 • No: 0
House vote • Unknown
House/ uncircled
Yes: 0 • No: 0
Actions Timeline
Governor Signed
3/25/2025House/ to Governor
3/12/2025HouseHouse/ received enrolled bill from Printing
3/12/2025HouseHouse/ enrolled bill to Printing
3/12/2025HouseEnrolled Bill Returned to House or Senate
3/12/2025Draft of Enrolled Bill Prepared
3/5/2025Bill Received from House for Enrolling
3/5/2025House/ signed by Speaker/ sent for enrolling
3/4/2025HouseHouse/ received from Senate
3/4/2025HouseSenate/ to House
3/4/2025SenateSenate/ signed by President/ returned to House
3/4/2025SenateSenate/ received from House
3/4/2025SenateHouse/ to Senate
3/3/2025HouseHouse/ concurs with Senate amendment
3/3/2025HouseHouse/ uncircled
3/3/2025HouseHouse/ circled
3/3/2025HouseHouse/ placed on Concurrence Calendar
2/28/2025HouseHouse/ received from Senate
2/28/2025HouseSenate/ to House with amendments
2/28/2025SenateSenate/ passed 3rd reading
2/28/2025SenateSenate/ substituted
2/28/2025SenateSenate/ uncircled
2/28/2025SenateSenate/ circled
2/28/2025SenateSenate/ 3rd reading
2/28/2025SenateSenate/ passed 2nd reading
2/27/2025Senate
Bill Text
Enrolled
3/12/2025
Substitute #3
2/28/2025
Substitute #2
2/13/2025
Substitute #1
1/31/2025
Introduced
12/27/2024