Bill Summary

HB 883 Protected Cell Captive Insurance Companies (2026 Session)
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Sponsors
by Fabricio  CS Sponsors: Insurance & Banking Subcommittee, Commerce Committee
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Summary
Protected Cell Captive Insurance Companies: Revises definition of "captive insurance company" to include protected cell captive insurance company; restricts coverage by protected cell captive insurance companies to protected cell participants; provides minimum capital, net assets & surplus requirements for protected cell captive insurance companies; provides requirements for formations of protected cell captive insurance companies; requires assets & liabilities of protected cells to be separate & separately identifiable from general accounts of captive insurance companies & from other protected cells; authorizes assets of different protected cells to be combined for specified purposes; provides procedures for pleadings in legal actions; provides procedures for protected cells for conversion to other forms, disaffiliation from captive insurance companies, & for merging with other protected cells. Effective Date: July 1, 2026
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committees of reference
   H Insurance & Banking Subcommittee
   H Civil Justice & Claims Subcommittee
   H Commerce Committee
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Actions
12/23/25
HOUSE 
Filed
01/05/26
HOUSE 
Referred to Insurance & Banking Subcommittee; Civil Justice & Claims Subcommittee; Commerce Committee
01/05/26
HOUSE 
Now in Insurance & Banking Subcommittee
02/09/26
HOUSE 
On Committee agenda - Insurance & Banking Subcommittee, 02/11/26, 9:00 am, 17 H
02/11/26
HOUSE 
Favorable with CS by Insurance & Banking Subcommittee; 17 Yeas, 0 Nays
02/11/26
HOUSE 
Committee Substitute Text (C1) Filed
02/12/26
HOUSE 
Now in Civil Justice & Claims Subcommittee
02/16/26
HOUSE 
On Committee agenda - Civil Justice & Claims Subcommittee, 02/18/26, 10:30 am, 404 H
02/18/26
HOUSE 
Favorable by Civil Justice & Claims Subcommittee; 14 Yeas, 0 Nays
02/18/26
HOUSE 
Now in Commerce Committee
02/20/26
HOUSE 
On Committee agenda - Commerce Committee, 02/24/26, 3:00 pm, 404 H
02/25/26
HOUSE 
Favorable with CS by Commerce Committee on 02/24/26; 23 Yeas, 0 Nays
02/25/26
HOUSE 
Committee Substitute Text (C2) Filed
02/25/26
HOUSE 
Referred to House Calendar
02/26/26
HOUSE 
Placed on Calendar, on 2nd reading
02/26/26
HOUSE 
Placed on Special Order Calendar, 03/03/26
03/03/26
HOUSE 
Read Second Time; Read Third Time; Passed (Vote: 110 Yeas / 0 Nays)
03/03/26
SENATE
In Messages
03/03/26
SENATE
Received; Referred to Rules
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bill text & filed amendments
0883
Filed on 12/23/25
PDF
Amendment 394335
Fabricio
Filed on 02/10/26
Adopted
PDF
Amendment 892381
Fabricio
Filed on 02/10/26
Adopted
PDF
0883C1
Filed on 02/11/26
PDF
Amendment 294395
Fabricio
Filed on 02/23/26
Adopted
PDF
0883C2
Filed on 02/25/26
PDF
No amendments to this bill text filed.
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Statute Citations
628.901
628.905
628.907
628.908
628.909
628.921
Research & Reports
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