Florida S0990 amends insurance laws to define and regulate protected cell captive insurance companies.
Florida S0990 amends Florida Statutes to define and regulate protected cell captive insurance companies. These companies must be formed or licensed under the new provisions, insure risks of separate participants through participant contracts, and fund liabilities through a reinsurer or a trust fund. The bill specifies conditions for protected cell establishment, including asset and liability segregation, and outlines procedures for mergers, conversions, and disaffiliations of protected cells.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.