The Washington State Office of the Insurance Commissioner has fined Maple Shade Assurance US$5,000 for operating as a captive insurer in the state without registration
Arizona Governor Katie Hobbs has signed HB 2193 into law, which reduces the minimum capital and surplus requirements for protected cell captive insurers to US$250,000
The bill introduces key reforms aimed at enhancing the competitiveness and regulatory agility of the state’s captive insurance framework
Piedmont Water Company has filed a lawsuit against the Internal Revenue Service (IRS) in US Tax Court over the disallowance of US$507,000 in tax deductions tied to its captive insurance arrangement
Kansas has become the latest US domicile to authorise protected cell captive insurance companies after Governor Laura Kelly signed House Bill 2334 into law earlier this month
It seeks to overturn a new IRS rule that CIC Services says closely resembles a previous regulation already struck down in court
The US Internal Revenue Service (IRS) has extended penalty relief for taxpayers and advisors involved in certain micro-captive insurance transactions
