Legal Developments

Tennessee Governor Signs Captive Legislation

May 8, 2019

Legislation approved late last month by Tennessee lawmakers and signed May 22, 2019, by Governor Bill Lee will allow captive insurance companies to receive premium payments and pay claims on insured losses in a foreign currency. Read More

North Carolina Removes Captive Premium Tax Provisions from House Bill

May 2, 2019

North Carolina legislators have stripped provisions from a broader bill, H.B. 220, that would temporarily exempt captive insurance companies that redomesticate to North Carolina from state premium taxes. Read More

Utah Captive Insurer Dormancy Provisions Go into Effect this Month

May 1, 2019

A new Utah law that takes effect May 24 will allow captive insurance companies licensed in the state to move into dormant status, freeing up both time and money for the captives and their parents. Read More

Vermont's Governor Officially Signs Captive Statute Changes into Law

April 22, 2019

Legislation recently signed into law by Vermont Governor Phil Scott will make several changes to Vermont's captive statute, including giving captives more time between mandatory financial examinations. Read More

Tennessee Looks To Revise Its Captive Insurance Company Statute

April 12, 2019

Legislation approved April 9, 2019, by Tennessee's House Insurance Committee would make several changes to the state's captive insurance company statute. Read More