News & Analysis as of

Insurance Industry New Legislation Captive Insurance Company

Womble Bond Dickinson

Newly Passed North Carolina Law Aims to Bring in More Captive Insurance Companies, Risk-Retention Groups

Womble Bond Dickinson on

North Carolina lawmakers recently passed a new bill to make the state more appealing to captive insurance companies and risk-retention groups. Senate Bill 319, which passed with unanimous support and was supported by the...more

Downs Rachlin Martin PLLC

Captive Insurance Update | Spring Edition | 2023

Developments in Vermont 2023 - Captive Legislation - On May 8, 2023, Governor Phil Scott signed Vermont’s annual captive “housekeeping” bill into law. The 2023 legislation includes the following notable provisions...more

Woodruff Sawyer

[Webinar] D&O Game Changer: Delaware Approves Using Captives for D&O Insurance - February 3rd, 12:00 pm - 12:45 pm PT

Woodruff Sawyer on

DELAWARE LEGISLATURE UPDATE - Big News: On January 27th, the Delaware Legislature passed legislation making captive insurance a real alternative to traditional D&O insurance. Overtime, this should reduce the costs of D&O...more

Downs Rachlin Martin PLLC

Captive Insurance Update | Issue No. 2 | 2018 - A summary of state and federal developments in the captive insurance industry

Vermont's Leadership Team - Vermont’s leadership team largely stayed the course in 2017. Governor Phil Scott and Michael Pieciak, the Commissioner of the Department of Financial Regulation (the “DFR”), each completed a...more

Locke Lord LLP

Connecticut’s Move to Authorize Agency Captive Insurance Companies

Locke Lord LLP on

On May 9, 2018, SB 377, “An Act Authorizing Agency Captive Insurance Companies,” introduced by Connecticut Senators Larson and Kelly, was passed into law. SB 377 allows licensed insurance agents and producers to establish an...more

Carlton Fields

Delaware Governor Signs Law Creating Streamlined And Inexpensive Regulatory Regime For Dormant Captive Insurance Companies

Carlton Fields on

The bill defines a dormant captive insurance company as one that (1) did not contract for any direct premium or reinsurance premium for a full calendar year, (2) is not obligated as an insurance company under any contract of...more

Carlton Fields

Georgia Revamps Law Governing Captive Insurance Companies

Carlton Fields on

Significant changes to Georgia law governing captive insurance companies took effect on July 1, 2017. The changes relate to the permitted corporate structure of captive insurance companies, new restrictions on risks that may...more

Carlton Fields

Alabama Amends Captive Insurers Act

Carlton Fields on

On April 26, 2016, Alabama Governor Robert J. Bentley approved House Bill No. 270, which revised Alabama’s Captive Insurers Act. The revised Captive Insurers Act went into effect on July 1, 2016, and included amendments to...more

Downs Rachlin Martin PLLC

2016 Captive Insurance Update | Issue 2 | 2016

Governor Peter Shumlin (D-Vt.) is not running for re-election this fall, so Vermont will have a new governor in January 2017. In addition, the Commissioner of the Vermont Department of Financial Regulation (DFR), Susan...more

McDermott Will & Emery

One Down, One to Go: Illinois Senate Passes Captive Insurance Exemption to Illinois Self-Procurement Tax

McDermott Will & Emery on

On April 21, 2015, the Illinois Senate unanimously passed Senate Bill 1573, as amended. As we have previously covered, the amended Bill creates an exemption from the 3.5 percent self-procurement tax and 0.2 percent Surplus...more

Locke Lord LLP

Texas Legislation Looks to Enhance Captive Regulatory Environment

Locke Lord LLP on

In 2013, Texas enacted legislation authorizing captive insurance companies to be domiciled in Texas for the first time, with the first Texas captive becoming licensed on March 17, 2014. ...more

11 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide