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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.