,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #echh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #ca1 #bjad ,mr4 
,wel* introduc$ ! foll[+ bill2 :i* 0    
ref]r$ to ! ,committee on ,f9ancial     
,s]vices1 & 9 addition to ! ,committee  
on ! ,judici>y1 = a p]iod to be         
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to cl>ify !        
def9ition ( nonadmitt$ insur] "u !      
,nonadmitt$ & ,re9surance ,re=m ,act (  
#bjaj1 & = o!r purposes4  #a4 ,%ort     
title ,?is ,act may be cit$ z ! ,captive
 ,insur]s ,cl>ification ,act4  #b4      
,captive insur]s ,section #ebg ( !      
,nonadmitt$ & ,re9surance ,re=m ,act (  
#bjaj 7#ae ,u4,s4,c4 #hbjf7 is am5d$--  
7#a7 by r$esignat+ p>agraphs 7#d7 ?r\gh 
7#af7 z p>agraphs 7#e7 ?r\gh 7#ag71     
respectively2  7#b7 by ins]t+ aft]      
p>agraph 7#c7 ! foll[+3  7#d7 ,captive  
insurance company ,! t]m captive        
insurance company includes any insurance

 company--  7,a7 t is :olly own$1       
directly or indirectly1 by a s+le p>5t  
company1 & ^: prim>y purpose is to      
provide insurance to cov] ! risks ( su* 
s+le p>5t company or any affiliates (   
su* s+le p>5t company2  7,b7 t is :olly 
own$1 directly or indirectly1 by a gr\p 
( companies1 & ^: prim>y purpose is to  
provide insurance to cov] ! risks ( su* 
gr\p ( companies or any affiliates ( su*
 gr\p ( companies2 &  7,c7 t is :olly   
own$1 directly or indirectly1 by an     
indu/ry1 trade1 or s]vice gr\p or       
association1 & ^: prim>y purpose is to  
provide insurance to cov] ! risks to any
 memb] 9 su* gr\p or association or any 
affiliate ( su* memb]4  2 &  7#c7 9     
p>agraph 7#ab77;,b71 z s r$esignat$--   
7,a7 by /rik+ 7,b7 does n include a risk
 ret5tion gr\p & ins]t+ ! foll[+3  7,b7 
does n include--  7i7 a risk ret5tion   
gr\p  2  7,b7 by /rik+ ! p]iod at ! end 
& ins]t+ 2 or2 &  7,c7 by add+ at ! end 
! foll[+3  7ii7 a captive insurance     
company4  4