Video & Transcript Research : 'captive insurance'

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AZ

Arizona 2026 Regular Session

02/17/2026 - House Commerce

Commerce

Transcript Highlights:
  • By way back on insurance, our... Mr.
  • And what this bill does is completely changes the insurance framework for shipping because cargo insurance
  • alter the coverage that is provided in an insurance policy. ...a certificate is not an insurance policy
  • HB 2996 expressly provides that a certificate of insurance is not an insurance policy, does not amend
  • insured.
FL

Florida 2026 Regular Session

Banking and Insurance Feb 11th, 2026

Banking and Insurance

Transcript Highlights:
  • The Committee on Banking and Insurance will now come to order. Clerk, please call the roll.
  • And to decrease the need for liability insurance during that dangerous time.
  • Insurance companies refused to pay.
  • Insurance often labels them as extras or recreational.
  • However, it is common that the 20% co-insurance payment falls on the family.
Summary: The Banking and Insurance Committee met with a quorum present and temporarily postponed SB 7042 on legal tender and SB 1380 before taking up the remaining agenda. The committee first reported favorably C.S. for SB 326, which modernizes Florida’s curator statute in probate law by clarifying when curators may be appointed, what they may do, and what oversight applies. It then reported favorably SB 1256, which standardizes PBM pharmacy audits by requiring uniform audit standards, scope, frequency, penalties, and due process protections for pharmacies; testimony from pharmacists emphasized concerns about conflicts of interest, excessive audits, and disproportionate penalties, while preserving fraud investigations. The committee also reported favorably C.S. for SB 598 on funeral and cemetery services after adopting an amendment that removed provisions on civil damages caps and phasing out direct disposers; the bill updates licensure and contract rules and addresses unclaimed remains. SB 632, which sets insurance requirements for transportation network companies during the period after a ride is accepted but before pickup, was reported favorably despite opposition from an attorney who argued the existing coverage framework should not be reduced. C.S. for SB 786, creating a nonjudicial process to close out undisputed trusts and discharge trustees, was also reported favorably. The committee then took up SB 1110, a major bill expanding Medicaid and private insurance coverage for medically necessary orthotics and prosthetics, including activity limbs, and requiring annual reporting. After adopting an amendment clarifying eligible recipients, the committee heard extensive emotional testimony from amputees, parents, and advocates describing the medical, developmental, and financial importance of prosthetic coverage, and members spoke in strong support before the bill was reported favorably. Later, the committee considered SB 1588, which implements last session’s legal tender law by refining definitions, narrowing custodian provisions, eliminating unnecessary examination requirements, and repealing the sunset clause; members raised questions about verification and anti-money-laundering concerns, but the bill was reported favorably. Finally, the committee approved SPB 7044 as a committee bill to expand public records exemptions to records relating to newly regulated custodians of gold and silver. The meeting concluded with senators recording additional affirmative votes on selected bills and adjourning.
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 3/12/25

Commerce Finance and Policy

Transcript Highlights:
  • insurance premiums.
  • insurance premiums.
  • insurance premiums.
  • <c> and</c><01:35:35.040><c> I</c> Insurance in homeowners insurance and I Insurance in homeowners insurance
  • <c> top</c><01:35:42.639><c> of</c> Insurance homeowners insurance on top of Insurance homeowners insurance
Bills: HF1865, HF2014, HF2028
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Financial Services Jun 22nd, 2026

Joint Committee on Financial Services

Transcript Highlights:
  • Like a captive insurance program through the state.
  • Insurance is doing what they do.
  • Yeah, I would say this: the recommendation from the committee was not to go with the captive insurance
  • They are insuring that property.
  • The insurance is, in my opinion.
Bills: S3091, H5477
Summary: The Joint Committee on Financial Services held a public hearing on two late-file matters, centered on S. 3091, a bill to create relief for homeowners affected by the crumbling concrete/pyrrhotite crisis. Senator Peter Durant presented the bill as a way to establish a crumbling concrete assistance fund, administered by CEDAC, to help replace failing foundations and reimburse homeowners who already paid out of pocket. He said the proposal follows recommendations from a state commission and would be funded by a $6 fee on homeowner/condo insurance policies and a $6-per-cubic-yard surcharge on concrete, with the goal of spreading costs broadly rather than placing them on homeowners alone. Several affected homeowners testified about severe financial and emotional harm, including expensive foundation replacements, lost equity, inability to sell or refinance, and long delays in getting help. Homeowners Karen Riani, Michelle Iglesi, Karen Bellotti, and Russell Dupierre described living with homes that became unsellable or unaffordable to repair, and urged the committee to move the bill forward. Committee members asked about inspection practices, whether pyrrhotite can be detected during home sales, whether the bill would ban pyrrhotite, and how much funding the program would need. Witnesses said the problem is broader than originally understood, affecting at least 52 municipalities, and that the only fix is full foundation replacement. They also said the bill includes training and education for inspectors, but does not ban pyrrhotite outright because the issue is now being addressed through quarry testing and material controls. Representatives of the concrete industry, including Craig Dauphinay, Karen Marshall, and Guy Glottis, said they support homeowner relief and the creation of a fund, but strongly opposed the concrete surcharge. They argued the industry has already taken significant steps, including supporting state testing and regulation of aggregate sources, and said the surcharge would unfairly assign blame, raise costs for residential, municipal, and infrastructure projects, and create cross-border competitiveness issues with neighboring states. They favored a Connecticut-style model funded primarily through insurance assessments, noting that Connecticut’s program has been successful and that Massachusetts could adopt a similar approach. No vote was taken at the hearing.
NV
Transcript Highlights:
  • Insurance coverage for these services varies depending on the insurance plan, state, and other individual
  • Many of the patients that I see have insurance coverage, but their insurance is discriminating against
  • That's my estimate, and their insurance rates.
  • This is already the rule for large insurers.
  • Insurance.
Bills: AB52, AB76, AB163, AB388, AB483
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Financial Services Jun 22nd, 2026

Joint Committee on Financial Services

Transcript Highlights:
  • Like a captive insurance program through the state.
  • Yeah, I would say this: the recommendation from the committee was not to go with the captive insurance
  • They are insuring that property.
  • The insurance is.
  • The insurance is...
Bills: S3091, H5477
HI

Hawaii 2026 Regular Session

CPC Public Hearing - Wed Feb 18, 2026 @ 2:00 PM HST

Consumer Protection & Commerce

Transcript Highlights:
  • What are homeowners experiencing with the lack of insurance? Or is it the high cost of insurance?
  • </c> a year on insurance. a year on insurance.
  • </c> insurance, home insurance in that area? insurance, home insurance in that area?
  • </c> people who get their insurance there. people who get their insurance there.
  • </c> relating to health insurance. relating to health insurance.
Summary: The committee heard testimony on HB 20, which would create a lava zone insurance subsidy/fund. The Insurance Division opposed the bill, arguing that lava zones 1 and 2 are the highest-risk areas, that a subsidy would not reduce the underlying risk or loss costs, that it could invite similar subsidy requests for other hazards, and that the bill may conflict with HICV by diverting funds from the CRF. Members discussed the lack of authorized homeowners insurance in those lava zones, the role of HPIA and the surplus market, and the difference between the proposed lava-zone subsidy and the Hawaii Hurricane Relief Fund. The chair noted 37 submitted testimonies in support and one in opposition, and the committee then moved on without taking a vote on HB 20 in the portion provided. The committee then took up HB 2612, relating to mortgages, which would clarify that a mortgage does not exist independently of the debt it secures and is not independently enforceable from that debt. The Hawaii Credit Union League and Hawaii Financial Services Association opposed the bill, while several individuals testified in support, arguing it would restore Hawaii’s long-standing lien-state rule and prevent so-called “zombie mortgages” after the Hawaii Supreme Court’s White decision. Supporters said the bill would protect borrowers from delayed foreclosures and predatory lending practices, while opponents and the Insurance Division emphasized that foreclosure actions still require proof of standing and possession of the note, and that lenders generally pursue foreclosure without seeking deficiency judgments. Committee members questioned the Insurance Division about how the current market works, whether lenders could wait out the statute of limitations and then foreclose only on the mortgage, and whether equitable tolling or later defaults could allow refiling. The division said it is still trying to attract authorized insurers back into the lava-zone market, but has seen little progress. No vote or final action on HB 2612 was taken in the excerpt provided.
US
Transcript Highlights:
  • National Crop Insurance Services Board of Directors. a member of the American Association of Crop Insurance
  • RCIS delivers crop insurance nationally.
  • I encourage this committee to incentivize insurance agencies to sell crop insurance to small-scale especially
  • Why are crop insurance rates going up? Yeah, I mean, I think crop insurance. creates certainty.
  • In your specialty crop world, crop insurance insurance is working on those crops, working well?
Summary: The meeting of the agricultural committee focused on significant concerns regarding the current state of America's rural economy, highlighting the need for a strong five-year farm bill to address the challenges faced by farmers, particularly young and beginning farmers. Key testimony was given by multiple stakeholders including agricultural leaders and young farmers, emphasizing issues related to crop insurance, access to credit, and the adverse impact of recent USDA funding freezes. Various members discussed the necessity of risk management tools that farmers rely on to secure financing, which is crucial for sustaining agricultural operations and supporting rural communities. The importance of timely legislative action was underscored, as many farmers reported struggles in the current economic climate, raising urgency for reforms within the Farm Bill framework.
TX
Transcript Highlights:
  • notice to the existing insurer.
  • Um, so this is similar, but in health insurance and for life insurance.
  • I had an insurance agent whose life insurance premium went down.
  • insurance aspect, but we do support the concept of self-insurance in that area.
  • for insurance.
FL

Florida 2026 Regular Session

Appropriations Committee on Agriculture, Environment, and General Government Feb 12th, 2026

Appropriations Committee on Agriculture, Environment, and General Government

Transcript Highlights:
  • That is, that ensures... ...insurance program. Yes.
  • electronics limited agent licensees to sell Iware insurance and provide...
  • And this bill allows portable electronics limited agent licensees to sell Iware insurance and provides
  • I just want to say I wish I could have insured my beard because I would like my beard back.
  • Murphy, Florida Association of Insurance Agents, waiving in support. Thank you, sir.
Summary: The Appropriations Committee on Agriculture, Environment, and General Government met with a quorum present and first took up confirmation votes for appointees on tabs 2 through 6, which were recommended favorably without public testimony. The committee then heard CS/SB 1474, which would direct DEP to stop issuing or reissuing permits for Class B biosolids land application when a wastewater treatment facility is reasonably accessible within 50 miles, and it was reported favorably. The committee also heard SB 1708, which removes a timing requirement for veterinarians licensed in good standing elsewhere to qualify for Florida licensure; it received support from Americans for Prosperity and the ASPCA and was reported favorably. Members then considered CS/SB 204 on illegal slot machine operations. An amendment was adopted that set the baseline penalty at a second-degree misdemeanor, elevated violations involving six or more machines or repeat offenses to a third-degree felony, and made violations by a person of authority involving six or more machines or multiple prior convictions a second-degree felony. Testimony supported the bill’s effort to target larger illegal operations while protecting veterans’ organizations and other lawful users from felony exposure; the bill as amended was reported favorably. The committee also adopted a strike-all for CS/SB 1294 addressing Class AA biosolids, requiring agronomic-rate application, recordkeeping, IFAS guidance, and application of fertilizer-related requirements to bulk land application products, with an effective date of November 1, 2026; it was reported favorably after limited questions about oversight and IFAS’s role. Later, CS/SB 772 was heard to allow portable electronics limited licensees to sell “iware” insurance and define that term, and it was reported favorably. CS/SB 1504 updated pre-licensure education for the 440 customer service representative license so a high school student completing a half-credit insurance and personal finance elective can apply upon turning 18; it received supportive testimony from industry groups and was reported favorably. Finally, the committee adopted a strike-all amendment to CS/SB 540 creating cybersecurity program requirements for mortgage and money service businesses, extending oversight to certain investment advisers, clarifying emergency suspension authority for anti-money laundering violations, extending payment deadlines for examination costs, and adjusting director experience requirements for financial institutions; the bill as amended was reported favorably. Senators McClain and Truenow requested to be recorded as voting in the affirmative on tabs 11 and 13, and the committee adjourned at the end of the agenda.
WA

Washington 2025-2026 Regular Session

House Agriculture & Natural Resources Feb 24th, 2026 at 10:30 am

Agriculture & Natural Resources

Transcript Highlights:
  • As a brief reminder, Senate Bill 5919 is the bill that encourages fire districts and insurance providers
  • This gives opportunities for the insurance companies to work together to create voluntary incentives
Bills: SB5919, SB5816
Summary: The House Agriculture and Natural Resources Committee heard public testimony on Substitute Senate Bill 5971, which would create a Department of Agriculture green fertilizer incentive program for low-carbon nitrogen fertilizer. Committee staff explained the bill’s background, including a 2024 work group report, and said the program would be designed by 2028 with a preliminary report due in 2027. Ecology and Agriculture supported the concept and suggested technical changes to align life-cycle emissions accounting with the Clean Fuel Standard and to set a baseline year. Testimony in support came from labor, industry, environmental, and regional economic development representatives, who said the bill could reduce emissions, stabilize fertilizer supply and prices for farmers, create jobs, and help projects qualify for federal hydrogen tax credits. The committee also heard public testimony on Substitute Senate Bill 6097, which would add federally recognized Indian tribes as eligible participants in the Conservation Futures Program; tribal, county, and land trust witnesses supported the bill as a way to improve conservation partnerships, protect culturally important lands, and remove administrative barriers. Public testimony counts were read into the record for both bills, with 317 pro and 87 con on SB 5971, and 31 pro and 822 con on SB 6097. During executive session, the committee took up three bills. It moved Senate Bill 5919, encouraging fire districts and insurers to create voluntary wildfire mitigation incentives, and Senate Bill 5816, adding juice grapes as a covered agricultural product under the Agricultural Marketing and Fair Practices Act. Both bills were reported out of committee with do pass recommendations on 10-0 votes, with Representative Nance excused. The committee deferred action on Engrossed Substitute Senate Bill 5838, which concerns membership on the Board of Natural Resources and includes an amendment adjusting tribal representation and nomination procedures. The chair also announced that amendments on the heard bills would need to be submitted by 6 p.m. that day and that the next committee meeting would start at 9 a.m. the following day.
MN

Minnesota 2025-2026 Regular Session

House Human Services Finance and Policy Committee 3/4/25

Human Services Finance and Policy

Transcript Highlights:
  • , uh, insurance taxes, how much it costs to have an executive director, things of that nature.
  • </c><00:13:32.120><c> uh</c> um building expenses insurances uh um building expenses insurances uh Insurance
  • What kind of insurance do they need?
  • In other words, a regular insurance company that pays for that exact same service—you know, they have
  • We saw a 13-year-old kid last year who came to the clinic and did not have any insurance.
Bills: HF1005
OK

Oklahoma 2026 Regular Session

Business and Insurance 2ND REVISED Feb 12th, 2026 at 09:30 am

Business and Insurance

Transcript Highlights:
  • I would like to call this meeting of Business and Insurance to order.
  • Is that the construct we currently have in the dental insurance community?
  • We in my business in the insurance world oftentimes We fight when a vehicle is totaled, and the insured
  • We've discussed this with insurance carriers, the insurance department.
  • With that, Business and Insurance is adjourned.
OK

Oklahoma 2026 Regular Session

Senate Legislative Session Feb 12th, 2026

Oklahoma Senate Floor Meeting

Transcript Highlights:
  • Business and Insurance will meet. Thank you, Mr. President, Mr. Floor Leader.
Summary: The Senate convened, a quorum was established, and Senator Yek delivered the opening prayer. The body then granted unanimous consent for an entourage to appear on the floor for a citation presentation honoring Oklahoma State Troopers Michael Patnode and Joy McLaughlin for their quick response and lifesaving assistance during a medical emergency at the Capitol on January 13, 2026. The citation praised their professionalism and noted that emergency responders arrived in less than eight minutes because of their actions. The floor leader also recognized the Senate staff and others involved in the incident, noting that the person who had the medical emergency was recovering and had returned part-time. Senator Nice introduced an intern, Cottrell Strain, a sophomore English major at Langston University with an interest in politics. Several announcements followed, including a Farm City Festival lunch on the second floor, a Veterans and Military Affairs Committee meeting, and a Business and Insurance Committee meeting. The Senate also adopted a motion to celebrate Senator Julie Daniels’ birthday. No legislation was debated or voted on in the transcript beyond the citation and the procedural motions, and the chamber adjourned until Monday, February 16, 2026, at 1:30 p.m.
OK

Oklahoma 2026 Regular Session

Business and Insurance 2ND REVISED Feb 12th, 2026

Business and Insurance

Transcript Highlights:
  • I'd like to call this meeting of Business and Insurance to order. A couple of housekeeping items.
  • In my business in the insurance world, oftentimes we fight when a vehicle is totaled and the insured,
  • We've discussed this with insurance carriers, the insurance department.
  • I believe the insurance department is going to find this and it's already there.
  • With that, Business and Insurance is adjourned.
Summary: The Business and Insurance Committee considered a long agenda of Senate bills covering real estate, construction licensing, insurance, alcohol regulation, medical marijuana, and other business matters. Among the measures discussed were SB 1732, which preserves Oklahoma’s current rule that brokers are not required to enter into a buyer brokerage agreement before showing real estate; SB 1443, which codifies payment rules for anesthesia services and physical status modifiers; and several sunset-extension bills for boards and agencies including the architects and interior designers board, the Construction Industries Board, the Abstractors Board, and the engineering and surveying board. The committee also heard bills on workers’ compensation, dental insurance billing practices, salvage title thresholds, energy standards for state-funded buildings, self-storage lien modernization, and medical marijuana training and licensing issues. Testimony and debate focused heavily on consumer costs, market competition, and regulatory clarity. Supporters of the dental bill (SB 1942) argued it would keep insurers from setting prices for non-covered services and allow patients and providers to negotiate directly, while opponents warned it could raise costs for consumers; the bill passed 8-2. Similar free-market arguments were made for the real estate, anesthesia, and alcohol-related bills, while consumer protection concerns were raised on the self-storage and dental measures. SB 1590, which would expand a fortified-roof grant program to commercial buildings, drew discussion about funding and the state’s role in helping reduce insurance costs. SB 1767 sought stronger enforcement against out-of-state spirit shipping, with concerns noted about lost tax revenue and age verification. Most bills received committee approval, often unanimously or by wide margins, including SB 1732, SB 1217, SB 1443, SB 1455, SB 1457, SB 1459, SB 1466, SB 1944, SB 1946, SB 1352, SB 2132, SB 1920, SB 1285, SB 1304, SB 1305, SB 1326, SB 1590, and SB 1767. Several bills were amended in committee, often to update sunset dates or clarify language, and title-striking motions were adopted on some measures that were still being worked on. The meeting ended with the chair noting that 20 bills had been handled and the committee adjourned.