INSURANCE: Provides relative to captive insurers

HB 936 creates Louisiana's "Captive Insurance Act" to regulate captive insurance companies operating within the state. The bill authorizes five types of captives - pure captives (insuring parent companies), association captives (insuring industry groups), group captives (insuring multiple entities), sponsored captives, and protected cell companies (with separate "cells" for different risks) - and sets minimum capital, solvency, and reporting requirements for each. It establishes a licensing process requiring business plans, financial projections, and commissioner approval, while aiming to boost economic development by attracting captive insurers to domicile in Louisiana. The law directly affects businesses forming or operating captive insurers in Louisiana, providing a structured regulatory framework for these specialized entities.