Regulation and Oversight

Georgia House Bill 348 Expands Captive Insurance Framework

February 28, 2025

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. Read More


Navigating the New IRS Rules for 831(b) Captives: Insights from the World Captive Forum

February 26, 2025

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

February 26, 2025

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

February 25, 2025

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?

February 25, 2025

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