Regulation

CICA has submitted a response to the IRS in objection to the proposed definition of “active conduct” in its Exception from Passive Income for Certain Foreign Companies...

Vermont is to sign new legislation strengthening the state’s captive legislation in a variety of areas including changes to the investment guidelines...

Florida insurance commissioner Kevin McCarty has testified before Congress on behalf of the NAIC regarding the need to coordinate US insurance policy...

Montana’s governor Steve Bullock has signed two separate bills that have been introduced to further improve the state’s regulatory environment for captive insurance...

Atlas Insurance Management has written to the chairman of the NAIC Financial Regulation Standards and Accreditation Committee to register its opposition to a draft proposal...

An official comment letter submitted by RIMS, the risk management society, to and at the request of the US Department of the Treasury has provided recommendations for expediting the process for certifying acts terror...

Financing employee benefits through a captive provides substantial savings opportunities for multinational companies, according Towers Watson’s multinational pooling and benefit captives study...