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Texas Adopts New Regulations Regarding Captive Insurance

In 2017, the Texas legislature enacted a number of changes to the regulation of captive insurers. In September 2018, the Texas Department of Insurance proposed one new regulation and amendments to several other regulations in order to implement those changes. These amendments were adopted on December 7, 2018. Among other things, these amendments:

  • include new or revised definitions;

  • implement procedural changes regarding the creation of captive insurance companies by the Secretary of State;

  • eliminated references to certificates of general good;

  • add provisions regarding attorneys in fact who manage operations of captive exchanges;

  • adopt by reference a revised Texas Captive Annual Report;

  • establish procedures for requesting approval of dividends and distributions; and

  • establish requirements for determining acceptable qualified jurisdictions and acceptable national and international rating agencies.

2018 Texas Regulation Text 504443 (NS)

©2011-2021 Carlton Fields, P.A. National Law Review, Volume IX, Number 24
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About this Author

Matthew Allen Class Action Antitrust Litigator
Shareholder

Matt Allen has particular emphasis in class action and antitrust litigation, having litigated dozens of class actions last year alone. More broadly, his area of practice is complex litigation, including antitrust law, deceptive trade practice law, insurance litigation, appellate law, and general business disputes.

Matt is board certified by The Florida Bar in Antitrust and Trade Regulation Law.

813-229-4304
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