Regulatory Hurdles for Covering Benefits in Captives

 
Employee Benefits In Captives | Debbie Liebeskind | Actuary, Health & Group Benefits | Towers Watson

There are typically two regulatory issues to resolve before covering benefits in captive insurance companies. First, the captive domicile regulator must approve expansion of the captive insurance company's business plan to be able to reinsure the coverages at hand. As also discussed in the video "History of US Employee Benefits in Captives" featuring Debbie Liebeskind of Towers Watson, the company must obtain a prohibited transaction exemption from the US Department of Labor.