Captive Insurance Company Amendment Act of 2026

This bill updates the District of Columbia's Captive Insurance Company Act of 2004 to modernize regulations for captive insurance companies, particularly affecting protected cell captives and inactive companies. Key changes include creating an expedited process for approving additional protected cells (with a two-business-day processing window after initial approval), requiring strategic business plans for applications and material changes, and establishing standards for inactive companies. It also updates terminology (e.g., replacing "articles of incorporation" with "articles of incorporation or organization") and clarifies capital and tax requirements. These amendments aim to align DC's rules with current industry practices, which were last updated in 2015, to maintain the District's competitiveness in attracting captive insurance businesses.