Arizona's Democrat Gov. Janet Napolitano signed legislation this week that substantially revises the state's captive insurance law and permits employee benefits branch captives.
The legislation (HB 2294, Captive Insurer Amendments) developed and recommended by the Arizona Captive Insurance Association, passed the Arizona Legislature on a unanimous vote.
The amendments will be effective 90 days after the legislative session adjourns, according to the AzCIA.
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