Washington Insurance Commissioner Mike Kreidler is offering captive insurance companies that have unlawfully insured risk in the state to pay reduced penalties if they self-report
The issues caused for captive insurance companies by the Microsoft case and the comments of commissioner Mike Kreidler are not going away, according to John Dies, managing director of tax controversy at alliantgroup
JLTIM has urged all captive owners operating in Washington state to contact their tax professionals after the settlement in the Microsoft case
Microsoft’s decision to settle with the Washington state Office of the Insurance Commissioner reveals a troubling trend according to Matthew Queen, general counsel & chief compliance officer at Venture Captive Management
Microsoft’s captive insurer, Cypress Insurance, will pay $876,820 to the Washington state Insurance Commissioner, Mike Kreidler, as part of a settlement agreement with the state
Microsoft’s decision to settle with the State of Washington Insurance Commissioner could have interesting implications for the US captive market
In September 2019, the Washington State Insurance Commissioner (OIC) Mike Kreidler made captive insurance a legislative priority for 2020.
