Legal Developments
US House Passes International Insurance Standards Act of 2018
The US House of Representatives passed the International Insurance Standards Act of 2018 (H.R. 4537) on July 10, 2018. The legislation is intended to preserve the US state-based system of insurance regulation while giving Congress greater oversight of and transparency in international insurance standard-setting negotiations. Read More
Captive Insurance Industry Insights into the "Reserve Mechanical" Case
As a follow-up to our previous posts on "Reserve Mech. Corp. v. Commissioner," Captive.com recently touched base with a number of captive insurance industry professionals to share their insights on the Tax Court's decision. Here are their thoughts. Read More
The DOL Issues Final Rule on Association Health Plans
The US Department of Labor (DOL) issued its final rule on association health plans (AHPs) in "Definition of 'Employer' under Section 3(5) of ERISA-Association Health Plans." According to the DOL, AHPs permit small employers and self-employed individuals to join together in purchasing health insurance. Read More
Congress Wraps Up Increased International Insurance Transparency
Last week, the US House of Representatives passed S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act. S. 2155 contains a provision to increase transparency at global insurance standard-setting regulatory forums and on any international insurance agreements. Read More
A.M. Best Examines GDPR Issues for European Insurers at Implementation
Operational and legal complexities, as well as preparing for the tight reporting window for breach notification, are the main challenges that re/insurers have met on their path toward complying with the implementation of the EU's General Data Protection Regulation (GDPR) on May 25, 2018. Read More