Arizona Governor passes HB 2193, reduces cell surplus requirement and allows dormancy  

Arizona governor Kate Hobbs has signed into law HB 2193 that reduces the minimum unimpaired paid-in capital and surplus that a protected cell must possess and maintain from $500,000 to $250,000. 

The Bill allows for a captive to apply to the Arizona Department of Insurance and Financial Institutions (DIFI) for a certificate of dormancy.