AN ACT REQUIRING A STUDY OF THE FEASIBILITY OF ESTABLISHING A CAPTIVE INSURANCE COMPANY OR USING PARAMETRIC INSURANCE TO PROVIDE FINANCIAL ASSISTANCE TO FARMERS IMPACTED BY THE EFFECTS OF SEVERE WEATHER.
To require that the Insurance Commissioner, in consultation with the Commissioner of Agriculture, conduct a feasibility study for establishing a captive insurance company or providing insurance coverage through parametric contracts to provide financial assistance to farmers in the state impacted by the effects of severe weather.
Introduced by:
Insurance and Real Estate Committee| New today | 2-4 days old | 5 days & older |
| Text of Bill | |
| File No. 362 [doc] | |
| INS Joint Favorable [doc] | |
| Raised Bill [doc] |
| Committee Actions | |
| INS Joint Fav. Rpt | |
| INS Vote Tally Sheet (Joint Favorable) |
| Fiscal Notes | |
| Fiscal Note For File Copy 362 |
| Bill Analyses | |
| Bill Analysis For File Copy 362 |
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Co-sponsors for Amendment LCO:
Bill History
| Date | Action Taken | ||
|---|---|---|---|
| 3/31/2025 | (LCO) | File Number 362 | |
| 3/31/2025 | House Calendar Number 244 | ||
| 3/31/2025 | Favorable Report, Tabled for the Calendar, House | ||
| 3/31/2025 | (LCO) | Reported Out of Legislative Commissioners' Office | |
| 3/24/2025 | (LCO) | Referred to Office of Legislative Research and Office of Fiscal Analysis 03/31/25 12:00 PM | |
| 3/14/2025 | (LCO) | Filed with Legislative Commissioners' Office | |
| 3/13/2025 | (INS) | Joint Favorable | |
| 2/21/2025 | Public Hearing 02/27 | ||
| 2/20/2025 | Referred to Joint Committee on Insurance and Real Estate |
Co-sponsors of HB-7038
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