Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateNevadaIntroduced
SB 503: Eliminates the Account for the Regulation and Supervision of Captive Insurers in the Fund for Insurance Administration and Enforcement. (BDR 57-1236)
Senate Committee on Finance
SB 503 status: Introduced — Chapter 516 (updated Jun 11, 2025).
Source
OpenStates
Confidence
Low
Analysis basis
OpenStates summary
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
50OUT OF 100
Score:50/100 civic fit — mixed
Risk:Low Risk
Impact:Low Impact 25/100
Constitutionality95%
Bipartisan75%
Public opinion50%
Bill summary
What changes
The bill eliminates a specific, named account used to track and manage funds for the regulation and supervision of captive insurance companies.
Who is affected
The Nevada Division of Insurance and companies operating captive insurance entities in the state.
Requirements and enforcement
The state must consolidate the formerly earmarked funds into a broader administrative fund within the Fund for Insurance Administration and Enforcement.
Costs and funding
Not stated; the bill primarily shifts existing administrative structures rather than changing fee levels or overall budget appropriations.
When it takes effect
Enacted June 2025.
Potential benefits
Potential for reduced administrative overhead and simpler internal fund reconciliation for state budget managers.
Risks and tradeoffs
Loss of granular visibility into how much is spent specifically on the regulation of captive insurers versus other insurance products.
What is still unknown
The exact impact on the quality or intensity of oversight for captive insurance companies following the fund consolidation.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Mixed / Neutral
50%
Benefits
- Streamlines state internal accounting
- Reduces fund fragmentation
- Simplifies internal administrative reporting
Risks
- Reduces transparency of specific captive insurance funding
- Risk of commingling of regulatory funds
- Decreases visibility on dedicated regulatory resource levels
Society
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Technology Industry
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Civic Accountability
Mixed / Neutral
50%
Benefits
- Increases focus on consolidated insurance administration
- Simplifies the state budget oversight structure
- Reduces the number of managed funds for auditors
Risks
- Removes specific earmarking for captive insurance oversight
- Reduces legislative visibility into specific sub-accounts
- Decreases granularity in agency-specific funding reporting
Public Health & Safety
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Source
OpenStates
Official bill text or data from OpenStates.
Confidence
Low
Information is limited or incomplete.
Analysis basis
OpenStates summary
Source used for this bill's analysis.
Source note
LegiScan returned a PDF-only document. PDF extraction is not enabled in this build, so the pipeline used a safer fallback.
Analysis scope
Analysis based on limited summary abstract only.
04
Where it stands
Official record- IntroducedCurrent
- CommitteeUpcoming
- Chamber votesUpcoming
- Final agreementUpcoming
- GovernorUpcoming
- EnactedUpcoming
05
How it affects your district
✦ Personalized
Set your location
Add your district to see how this bill may affect your community and who to contact.
Your Representatives
Your representatives appear here once you add your location.
06
Take action
Contact your representatives
Let them know how you feel about this bill.
Share your view
Join the discussion and see what others are saying.
Track this bill
Stay updated on progress and changes.