SB 2043: RELATING TO INSURANCE.
SB 2043 status: Introduced — Act 255, 07/14/2026 (Gov. Msg. No. 1357) (updated Jul 14, 2026).
What this bill does
Overall score
Bill summary
OfficialUntil 12/31/2031, specifies that captive insurance companies that are not risk retention captive insurance companies are subject to examination no later than five years after licensure and any additional examination at the discretion of the Insurance Commissioner. On or after 1/1/2032, subjects captive insurance compan...
Key analysis
Impact analysis
Environment
Benefits
- No direct impact on environmental policy.
Risks
- No direct impact on environmental policy.
Economy
Benefits
- Reduces regulatory burden for captive insurance companies.
- Increases flexibility for the Insurance Commissioner in resource allocation.
Risks
- Potential reduction in oversight frequency during the discretionary period.
- Regulatory shifts may lead to unpredictable administrative costs for some firms.
Society
Benefits
- Maintains existing protections for risk retention captive insurance companies.
Risks
- No direct material effect on social welfare or public services.
How trustworthy & consequential it is
Source
LegiScan
Confidence
highhigh
Analysis status
LegiScan full bill text
Transitioning to a discretionary examination model may reduce early detection of financial instability if the Commissioner's office lacks sufficient resources or data-driven triggers.
Analysis relies on provided bill text regarding examination frequency changes.
Where it stands
Introduced
CurrentAct 255, 07/14/2026 (Gov. Msg. No. 1357).
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
UpcomingHow it affects your district
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