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IRS set to finalise micro-captive rules by 2025
09 October 2024
US Reporter Diana Bui

The Internal Revenue Service (IRS) has announced plans to finalise its micro-captive regulations by mid-2025, as part of its 2024-2025 priority guidance

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Delaware to reduce insurance premiums in workplace safety programme
30 September 2024
US Reporter Diana Bui

Delaware governor John Carney has signed SB 306 into law to update the workplace safety programme in the state, lowering criteria in insurance premiums to participate in the initiative

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Connecticut enacts new captive legislation
17 July 2024
US Reporter Diana Bui

The legislation, which will take effect on 1 October, aims to create a more business-friendly regulatory environment that encourages innovation and growth in the sector

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Tennessee captive insurance department announces team and policy updates
15 July 2024
US Reporter Diana Bui

Kent Ussery has joined the department as a captive insurance specialist, bringing extensive experience in both public and corporate accounting

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North Carolina passes captive bill
26 June 2024
US Reporter Diana Bui

The amended legislation proposes a two-year premium tax holiday for captives redomesticated in the state and reduces the retaliatory tax rate applied to RRG

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NCCIA provides update on captive revisions bill in North Carolina
17 June 2024
US Reporter Diana Bui

The bill proposes various changes to North Carolina's captive legislation, including a two-year extension of the premium tax holiday for captives that redomesticate in the state.

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Vermont updates captive law to improve regulatory framework
21 May 2024
US Reporter Diana Bui

Vermont House Bill 659 clarifies the law in multiple instances to improve the process and consistency of regulatory practices, address unnecessary redundancies, and better align requirements with the captive marketplace.

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