Iowa SSB3179 amends regulations for captive insurance companies and life captive reinsurance companies, including minimum capital and surplus.

Iowa SSB3179 modifies the regulatory framework for captive insurance companies and life captive reinsurance companies. It sets minimum capital and surplus requirements, mandates annual reports, and outlines examination procedures. The bill requires life captive reinsurance companies to maintain unimpaired paid-in capital and surplus of at least $100,000 for protected cell captive companies. It details the information and documents required for annual reports, including financial statements and actuarial opinions.

Iowa SSB3179 amends regulations for captive insurance companies and life captive reinsurance companies, including minimum capital and surplus.

Iowa SSB3179 modifies the regulatory framework for captive insurance companies and life captive reinsurance companies. It sets minimum capital and surplus requirements, mandates annual reports, and outlines examination procedures. The bill requires life captive reinsurance companies to maintain unimpaired paid-in capital and surplus of at least $100,000 for protected cell captive companies. It details the information and documents required for annual reports, including financial statements and actuarial opinions.