State legislative update
Bills have been introduced in state legislatures with a wide variety of reinsurance-related topics:
- cat reinsurance: Connecticut Bill No. 65 would establish a state catastrophe fund to offer reinsurance to the private market; Florida SB 2806 would provide additional reform in allowing the state to sell reinsurance in the state hurricane catastrophe fund;
- cat funds: New York A 4011 would establish a state catastrophe fund;
- captives: District of Columbia B16-0897 would authorize the use of special purpose financial captive insurance companies to facilitate risk securitization; Missouri HB 238 would add 50 sections to the state's captive insurance company act, including allowing the creation of special purpose life reinsurance companies (bill text; bill summary);
- credit for reinsurance: New Hampshire new regulation Part Ins 601 would provide rules for allowing credit for reinsurance; and
- health care reinsurance: Arkansas SB 769 would enact the Small Employer Health Reinsurance Program Act of 2007; South Dakota SB 129 would establish a state health reinsurance pool to spread the expenses of high-cost individuals.
