Regulation

South Carolina has passed a new bill that cleans up the captive legislation in the state

The North Carolina General Assembly is considering legislation to exempt ‘foreign’ captive insurance companies from all state taxes

A ruling by the Georgia Supreme Court in favour of risk retention groups has prevented insurance authorities in the state from circumventing federal regulations

The Cayman Islands government is “deeply aggrieved” by the amendment to the UK’s Sanctions and Anti-Money Laundering Bill, according to a statement from the Cayman Islands Office of the Premier

The Connecticut General Assembly has passed a new bill authorising agency captive insurance companies in the state

The District of Columbia Council has passed a new bill that updates its captive insurance legislation to authorise the government-run captive, District of Columbia Captive Agency, to write more diverse risks

HR 1625 has provided much-needed guidance for taxpayers with micro captives, primarily clarifying parts of the Protecting Americans from Tax Hikes (PATH) Act 2015, according to John Dies and Matthew Spradling from alliantgroup