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Monday, April 22, 2013

Texas State Senate Passes Captive Insurer Legislation

Provided by ABIA outside counsel Chris Datskos with McIntyre & Lemon, PLLC

Last week, the Texas state Senate passed SB 734, which would "establish the formation of captive insurance companies" in the state and imposes an annual tax on those captive insurers.  The bill is now headed to the Texas state House for consideration.

Read the text of SB 734.