Bill Title: As enacted, requires captive insurance companies to pay certain penalties and interest on the late payment of premium taxes; authorizes certain captive insurance companies to apply for and operate under a letter of dormancy; provides for the conversion of protected cells and pure captive insurance companies; revises certain compensation provisions regarding examinations of insurance companies. - Amends TCA Title 56, Chapter 1, Part 4 and Title 56, Chapter 13.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Passed) 2017-05-22 - Comp. became Pub. Ch. 354 [HB0302 Detail]

Text: Latest bill text (Chaptered) [PDF]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative David Hawk [R]	Primary	Sponsored Bills	HD-005	FollowTheMoney	Ballotpedia	VoteSmart
Representative Glen Casada [R]	Cosponsor	Sponsored Bills	HD-063	FollowTheMoney	Ballotpedia	VoteSmart

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