Legal Developments

IRS Settlement Offers Accepted by Majority of Micro-Captive Owners

February 3, 2020

The Internal Revenue Service (IRS) announced last week that around 80 percent of so-called 831(b) micro-captive owners who received settlement offers have accepted them. Read More

Congressional Hearing Set To Consider RRG Coverage Expansion

January 22, 2020

A House of Representatives subcommittee will hold the first congressional hearing on legislation that would expand the coverages Risk Retention Group (RRG) can offer to their policyholder-owners. Read More

Board of Tax Appeals Considers Moody's Captive Insurance Company

January 13, 2020

The Board of Tax Appeals recently considered tax issues involving the relationship between Moody's and its captive insurance company. Read More

US House of Representatives Approves Extending NFIP and TRIA

December 18, 2019

The House of Representatives Tuesday approved extending the National Flood Insurance Program (NFIP) and the Terrorism Risk Insurance Act (TRIA). Read More

Utah Lawmakers To Consider New Captive Legislation in 2020

December 5, 2019

Utah lawmakers are expected to consider new captive legislation next year. Read More