Texas Department of Insurance Accepting Comments on Captives Licensing Draft Rules
Sep 11, 2013
The Texas Department of Insurance (“TDI”) is accepting comments until September 16, 2013 on informal draft Rules and related forms and instructions on the licensing of captive insurance companies.
Senate Bill 734, enacted earlier this year, created Chapters 223A and Section 964 in Texas’ Insurance Code. The bill also provides for authorized fees and for the imposition of taxes on captives.
To view the draft Rule text, as well as related items, click on the following hyperlinks:
Comments are due to Jamie Walker, Associate Commissioner, Licensing Services Section at firstname.lastname@example.org by 5:00 p.m. on September 16. An updated draft of the proposed Rules will be filed following the comment period.
To view a Colodny Fass& Webb recap on a July 16 TDI Stakeholder Meeting about the Rule development and SB 734 implementation, click here.
Should you have any questions or comments, please contact Colodny Fass& Webb.
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