Louisiana has enacted HB 635 also known as the Creating Holistic Options in Coverage for Enterprise and Self-Insurance (CHOICES) law to enhance its regulatory framework for domestic captives by creating a more favourable regulatory environment.
HB 363, enacted on 17 June, reduces the minimum capital requirement for pure captives from $500,000 to $250,000, and for association captives from $1m to $500,000.
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