Bill Bush
- Democratic
- Representative
- District 29
Primary
This bill resolves an internal inconsistency in the Insurance Code regarding the timing of payment of taxes for captive insurance companies and surplus lines brokers. Sections 1917 and 6914 of the Insurance Code specifically address the amount and timing of taxes due for surplus lines brokers and captive insurance companies, respectively. Surplus lines brokers and captive insurance companies will continue to pay premium taxes in accordance with Sections 1917 and 6914, respectively, as they have historically.
Signed by Governor
Passed By Senate. Votes: 19 YES 2 ABSENT
Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 5 On Its Merits
Assigned to Banking, Business, Insurance & Technology Committee in Senate
Passed By House. Votes: 36 YES 5 ABSENT
Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 11 On Its Merits
Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
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