Regulation and Oversight
NAIC AI Model Bulletin Guides Ethical AI Use in Insurance Industry
The National Association of Insurance Commissioners (NAIC) artificial intelligence (AI) model bulletin guides ethical AI use in insurance, emphasizing transparency, accountability, and fairness; ensuring compliance; and protecting consumer interests. Read More
Montana Captive Insurance Association Reports on Growth and Regulatory Changes
MCIA's 2024 report highlights Montana's captive insurance growth, with 50 captives licensed in 2023 and 19 licensed in the early months of 2024. Read More
North Carolina Legislature Approves Captive Act Amendments
The North Carolina General Assembly recently passed SB 319, Captive Act Amendments. The bill includes a 2-year premium tax holiday for captive redomestications. Read More
North Carolina General Assembly Advances SB 319
North Carolina's SB 319, advancing through the House, extends redomestication terms for captive insurers and includes risk retention group provisions. Read More
Governor Scott Signs Bill Updating Vermont Captive Insurance Laws
Governor Phil Scott signed Bill H. 659, updating Vermont's captive insurance statutes to enhance regulatory practices, reduce redundancies, and align with market needs. Read More