Articles

Law & regulation

How to win friends and regulate people

When North Carolina’s captive insurance programme began seven years ago, regulators promised flexible, timely regulation that would help new captive insurers form and flourish. North Carolina’s regulators have delivered on their promise, says Barry Smith of the North Carolina Department of Insurance.   20 March 2020

Accounting & tax analysis

NAIC RRG task force makes progress

In late 2018 the National Risk Retention Association, frustrated by difficulties its members experienced when registering to do business in several non-domiciliary states, petitioned the National Association of Insurance Commissioners for assistance. Jon Harkavy of Risk Services examines the current state of play.   6 March 2020

Law & regulation

Reserve Mechanical files brief with Court of Appeals over US Tax Court captive ruling

Reserve Mechanical Corp has filed an opening brief with the Tenth Circuit Court of Appeals challenging the US Tax Court’s rulings related to its captive insurance case.   2 March 2020

Law & regulation

Alabama House of Representatives unanimously approves updates to Captive Act

2 March 2020

Law & regulation

North Carolina sets aside day for captive owners at annual conference

North Carolina will kick off its annual conference in May with a day dedicated exclusively to captive owners.   27 February 2020

Law & regulation

Cayman added to EU’s list of non-cooperative jurisdictions for missing CIV deadline

The European Union has added Cayman to its list of non-cooperative jurisdictions for tax purposes after it determined that Cayman failed to implement measures relating to economic substance in the area of collective investment vehicles within the agreed timetable.   24 February 2020

Law & regulation

Tennessee licenses 200th captive

The Tennessee Department of Commerce & Insurance has licensed its 200th captive insurance company.   20 February 2020

Law & regulation

IRS settlement claims are misleading: SIIA

The Self-Insurance Institute of America (SIIA) has hit out at Internal Revenue Service, accusing it of misleading people in its recent announcement about rooting out tax evasion in the micro captive sector.   14 February 2020

Law & regulation

IRS steps up fight against abusive micro-captive transactions

The IRS is establishing 12 new examination teams as it steps up its efforts to pursue abusive micro-captive insurance transactions.   3 February 2020

Law & regulation

CIC files lawsuit against SRM Group and its owner

CIC Services has filed a lawsuit against a former client, SRM Group, as well as its owner, Suresh Prabhu, and two related captives CIC formerly managed.   31 January 2020

Not finding what you're looking for, please try resetting your applied search and filters,
or try the full site search.