Vote Recommendation | Economic Freedom | Property Rights | Personal Responsibility | Limited Government | Individual Liberty |
---|---|---|---|---|---|
Yes | Positive | Neutral | Neutral | Positive | Neutral |
Summary: SB 734 would allow captive insurance companies to be created and operate within Texas. Currently, businesses based in Texas are not permitted to base a captive insurance company within the state. SB 734 would remove that barrier as well as create a regulatory and tax system for this type of insurance.
Analysis: When the government removes restrictions that completely bar an industry or business model from existing in the state it is a win for limited government and free enterprise. We support SB 734.