Regulation and Oversight
Captivating Metrics: What Makes a Captive Domicile Successful
Explore key metrics for defining a captive domicile's success. From number of captives licensed to regulator quality, uncover keys for informed decisions. Learn More
Georgia House Bill 348 Expands Captive Insurance Framework
House Bill 348 modernizes Georgia's captive insurance laws by expanding reinsurance options, redefining controlled unaffiliated businesses, and introducing the role of sponsors for limited purpose subsidiaries. The bill removes restrictions on insurance types captives can offer, increasing flexibility and making Georgia a more attractive domicile for captive insurers. Learn More
Navigating the New IRS Rules for 831(b) Captives: Insights from the World Captive Forum
The latest Internal Revenue Service (IRS) rules on 831(b) captives introduce stricter reporting requirements and heightened scrutiny. This article explores key takeaways from the World Captive Forum, including concerns over loanbacks, loss ratio thresholds, and successor captives. Industry experts share insights on compliance challenges and strategies for navigating the evolving regulatory landscape. Read More
CIC Services Urges Congress To Overturn IRS Captive Insurance Rule
CIC Services is calling on Congress to review an Internal Revenue Service (IRS) rule that imposes new restrictions on small captive insurance companies. The firm warns the regulation could limit risk management options for businesses and urges lawmakers to act under the Congressional Review Act to overturn it before the window for legislative action closes. Read More
Understanding Micro-Captive Insurance Reporting Obligations
The Internal Revenue Service requires captives, insureds, and advisers involved in micro-captive insurance to disclose transactions through Forms 8886 and 8918. Reporting obligations focus on loss ratios, related-party financing, and compliance measures. Failure to comply may result in penalties, making proper disclosure essential for regulatory adherence. Read More
The Debate Over Captive Manager Licensing: Raising Standards or Adding Burden?
Captive manager licensing remains a debated topic in the industry. Experts discuss regulatory oversight, National Association of Insurance Commissioners model laws, and International Center for Captive Insurance Education credentialing, weighing the benefits of standardization against potential regulatory burdens. Stakeholders remain divided on whether licensing enhances professionalism or adds unnecessary costs. Captive managers, regulators, and captive owners all have vested interests in the outcome. Read More
Washington Seeks To Expand Captive Insurance Access for Public Utility Districts
Washington House Bill 1842 proposes allowing public utility districts (PUDs) to form captive insurers for improved risk management. The bill has passed committee review and awaits further legislative action. If enacted, it could provide PUDs with a cost-effective alternative to traditional insurance. Captive.com will monitor ongoing developments. Read More