News
Law & regulation
The Washington State government has established a framework for registering and imposing premium tax on eligible captive insurance companies. 11 March 2021
Accounting & tax analysis
The 831(b) or micro-captive industry has been dealt a fresh blow this week, with a US tax court ruling yet another micro-captive could not be considered insurance for Federal tax purposes. 11 March 2021
Law & regulation
The South Carolina Captive Insurance Association (SCCIA) has reminded its members that the South Carolina Department of Insurance (SCDOI) neither encourages nor requires captive owners or board members to visit the state for board meetings in 2021. 18 February 2021
Law & regulation
Alabama’s state legislature is examining a captive bill that will expand the state’s offering of alternative investment vehicles with three new categories of captives, for agency captives, reinsurance captives and special purpose finance captives. 16 February 2021
Law & regulation
The Oklahoma Insurance Department (OID) has named Donald Ashwood as its new captive coordinator and is looking to appoint a new captive director “in the near future”. 5 February 2021
Law & regulation
John Ludlow, Airmic’s chief executive, has called the UK Supreme Court’s ruling on the Financial Conduct Authority's business interruption insurance case for COVID-19 claims “one of the most important legal issues of the last decade.” 15 January 2021
Law & regulation
The Captive Insurance Companies Association (CICA), the Vermont Captive Insurance Association (VCIA) and the Captive Insurance Council of the District of Columbia (CICDC) have urged the US Treasury Department to maintain captives’ access to the Terrorism Risk Insurance Program (TRIP). 12 January 2021
Law & regulation
The Cayman Islands Monetary Authority (CIMA) has revoked the licence of CTS Captive Management for breaching the terms of the Insurance Act 2010. 11 January 2021
Law & regulation
Mike Causey took the oath of office for his second term as North Carolina’s Insurance Commissioner on January 9, 2021. 11 January 2021
Law & regulation
A bill has been presented in Alabama that will update the Alabama Captive Insurers Act to provide greater economic growth and development for the state’s captive insurance industry. 6 January 2021
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