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.
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.
The Board of Tax Appeals recently considered tax issues involving the relationship between Moody's and its captive insurance company.
The House of Representatives Tuesday approved extending the National Flood Insurance Program (NFIP) and the Terrorism Risk Insurance Act (TRIA).
Utah lawmakers are expected to consider new captive legislation next year.