Legal Developments
IRS Settlement Offers Accepted by Majority of Micro-Captive Owners
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
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
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
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
Utah lawmakers are expected to consider new captive legislation next year. Read More