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Texas signs SB 667 into law
18 June 2015
Austin, Texas Reporter Stephen Durham

Texas governor Greg Abbott has signed SB 667 into law, enabling captives to pool risk and gain credit for reinsurance to an affiliate...

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EC names Solvency II-equivalent third countries
09 June 2015
Brussels Reporter Stephen Durham

The European Commission has adopted its initial third country equivalence decisions under Solvency II...

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Utah clears up LLC specifics
13 May 2015
Utah Reporter Stephen Durham

As of 1 July 2015, Utah’s captive code will include language specifically addressing the use of LLCs as a type of captive formation, following its most recent legislative session...

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CICA responds to IRS definition
11 May 2015
Minneapolis Reporter Stephen Durham

CICA has submitted a response to the IRS in objection to the proposed definition of “active conduct” in its Exception from Passive Income for Certain Foreign Companies...

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New Vermont law alters cap requirements
06 May 2015
Montpelier, Vermont Reporter Stephen Durham

Vermont is to sign new legislation strengthening the state’s captive legislation in a variety of areas including changes to the investment guidelines...

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NAIC testifies before Congress
29 April 2015
Washington DC Reporter Stephen Durham

Florida insurance commissioner Kevin McCarty has testified before Congress on behalf of the NAIC regarding the need to coordinate US insurance policy...

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Montana signs captive bills
22 April 2015
Montana Reporter Stephen Durham

Montana’s governor Steve Bullock has signed two separate bills that have been introduced to further improve the state’s regulatory environment for captive insurance...

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