l9n/ Connecticut

2025 Regular Session

House Bill 6433

AN ACT CONCERNING CAPTIVE INSURANCE.

Became law as Public Act 25-130, signed July 8, 2025, 166 days after it was filed.

What it does

The synopsis the General Assembly published with the bill.

To: (1) Expand the applicability of the insurance penalty provision to captive insurance companies; (2) allow any captive insurance company to convert into one or more protected cells without impacting such company's assets, rights, benefits, obligations and liabilities; (3) allow any protected cell to be sold, transferred, assigned or conveyed to a new or existing sponsored captive insurance company with all of such protected cell's assets, rights, benefits, obligations and liabilities; and (4) allow the commissioner to separate any insolvent protected cell from any sponsored captive insurance company and address the insolvency of such protected cell separate from the financial condition of such sponsored captive insurance company.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the House of Representatives

2 co-sponsors

Kenneth Gucker, Henry J. Genga

In the Senate

    1 co-sponsor

    Heather S. Somers

    Its course

    January 23 to July 8, 2025, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

    Each committee stop sits inside its chamber.

    Every action19 actions on 10 days

    In the House of RepresentativesJan 23 to Jun 3131 days

    Insurance and Real Estate CommitteeJan 23 to Feb 2028 days

    In the SenateJun 3 to Jun 41 day

    Waiting to be sentJun 4 to Jun 2521 days

    With the GovernorJun 25 to Jul 813 days

    Text

    Each version as the General Assembly printed it.

    l9n doesn't hold this bill's text yet.

    What happened

    In l9n's words, one line for each step. Every action as the General Assembly published it is below.

    In the House of Representatives Jan 23 – Jun 3

    1. Jan 23Introduced and sent to Insurance and Real Estate Committee
    2. Jan 24Heard in Insurance and Real Estate Committee
    3. Feb 20Insurance and Real Estate Committee recommended a substitute for it
    4. Jun 3Passed the House of Representatives

    In the Senate Jun 3 – Jun 4

    1. Jun 3Sent to the Senate
    2. Jun 4Passed the Senate

    To the Governor Jun 16 – Jul 8

    1. Jun 16Numbered Public Act 25-130
    2. Jun 25Sent to the Secretary of the State
    3. Sent to the Governor
    4. Jul 8Signed by the Governor
    All 19 actions, as published
    1. Jan 23REF. TO JOINT COMM. ONBoth houses
    2. Jan 24PUBLIC HEARINGBoth houses
    3. Feb 20Joint Favorable SubstituteBoth houses
    4. Feb 20FILED WITH LCOBoth houses
    5. Mar 3REFERRED TO OLR, OFABoth houses
    6. Mar 10RPTD. OUT OF LCOBoth houses
    7. Mar 10FAV. RPT., TABLED FOR HOUSE CALENDARHouse of Representatives
    8. Mar 10HOUSE CALENDAR NUMBERHouse of Representatives
    9. Mar 10FILE NO.Both houses
    10. Jun 3HOUSE PASSEDHouse of Representatives
    11. Jun 3TRANSMITTED PURSUANT TO JOINT RULE 17Both houses
    12. Jun 3FAV. RPT., TAB. FOR CAL., SEN.Senate
    13. Jun 3SENATE CALENDAR NUMBERSenate
    14. Jun 4SENATE PASSEDSenate
    15. Jun 4ON CONSENT CALENDAR /IN CONCURRENCESenate
    16. Jun 16PUBLIC ACTBoth houses
    17. Jun 25TRANSMITTED TO SECRETARY OF THE STATEBoth houses
    18. Jun 25TRANSMITTED BY SECRETARY OF THE STATE TO GOVERNORGovernor
    19. Jul 8SIGNED BY GOVERNORGovernor