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Act 370 Improves Captive Insurance Law in Arkansas
Category: Captive Insurance
On March 7, Governor Hutchinson signed Act 370 which revised certain provisions of Arkansas law related to formation and operation of captive insurance companies. Act 370 does a number of things to update the captive framework in Arkansas. Here, we have highlighted how the changes to the law are…
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Texas Two Step Eliminated by New Texas Captive Law
Category: Captive Insurance
With the signature of Governor Greg Abbott, the new Texas captive law became effective on June 18, 2017. One significant change the law introduces is the elimination of the cumbersome process of securing the formation or re-domestication of a captive by the Texas Secretary of State and the Texas…
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Texas New Captive Reinsurance Law Eases Captive Re-domestication
Category: Captive Insurance
With the signature of Governor Abbott, the most recent amendments to Texas captive insurance law are now effective and Texas captives will be able to directly access offshore and other non-affiliated reinsurers which meet certain specific requirements. Initially, Texas captives were subject to the…
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Texas Captive Insurance Bills Finally Passed
Category: Captive Insurance
The Texas Legislature has finally passed new legislation which expands opportunities and streamlines regulation of captives in Texas. HB 1944 is sponsored by Representative Jim Murphy of Houston and HB 1187 by Representative Giovanni Capriglione of Southlake have each passed each house without a…
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