,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bgbf  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #ca1 #bjad ,mr4  
,leahy 7= himself & ,mr4 ,graham7       
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,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