Representative Dunigan presented a first substitute for HB 23, Insurance Modifications, saying the bill would require insurers to report judgments against them to regulators, clarify fee use for regulating captive insurers, remove a spending cap on captive insurance, and update stop‑loss attachment points and minimum group sizes for small‑employer health plans.

The measure, Dunigan said, "requires them to have a judgment against them to report it to the regulator, and we think that will decrease the number of people using funds that are not theirs." He also said it would allow the department to use fees already generated for regulatory work "and it doesn't increase the fee, and they can just use it for the regulation purposes." On small‑employer health plans, Dunigan said the bill updates stop‑loss amounts, attachment points and minimum group sizes to keep the market competitive.

The bill drew no floor debate following the presentation. Summation was waived and voting was by hands. The first substitute to HB 23 passed the House 74 yes, 0 no and was sent to the Senate for consideration.

The bill is intended to adjust how captive insurers are regulated and to modify technical insurance parameters affecting small employers; no amendments were recorded on the floor.