2018 Senate Bill 898 / Public Act 397

Revise “captive” insurance company regulation detail

Introduced in the Senate

March 8, 2018

Introduced by Sen. Joe Hune (R-22)

To revise details of a law that regulates “captive” insurance companies, which are ones owned and controlled by those they insure (generally a business).

Referred to the Committee on Insurance

May 24, 2018

Reported without amendment

With the recommendation that the bill pass.

May 30, 2018

Passed in the Senate 32 to 0 (details)

Received in the House

May 30, 2018

Referred to the Committee on Insurance

Nov. 29, 2018

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Dec. 12, 2018

Passed in the House 107 to 2 (details)

To revise details of a law that regulates “captive” insurance companies, which are ones owned and controlled by those they insure (generally a business).

Signed by Gov. Rick Snyder

Dec. 19, 2018