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- S.1561
S.1561: Captive Insurers Clarification Act
About This Bill
- Introduced June 11, 2015
- Latest Major Action June 11, 2015
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Captive Insurers Clarification Act Amends the Nonadmitted and Reinsurance Reform Act of 2010 to define "captive insurance company" as an insurance company wholly owned directly or indirectly: (1) by a single parent company and whose primary purpose is to insure the risks of that single parent company or its affiliates; (2) by a group of companies and whose primary purpose is to insure the risks of that group or its affiliates; and (3) by an...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
June 11, 2015 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
June 11, 2015 |
Introduced in the Senate by Patrick J. Leahy (D-Vt.) |