Regulation and Oversight
Montana Overhauls Captive Insurance Premium Tax Code with SB 60
Montana has enacted SB 60, revising its captive insurance tax code. The law introduces tiered premium tax rates, adjusts minimum tax thresholds, and clarifies how taxes apply to protected cells, series LLCs, and commonly owned captives. The changes take effect for tax years beginning after December 31, 2025. Learn More
South Carolina Senate Bill 210 Updates Captive Insurance Statutes
South Carolina Senate Bill 210 revises its captive insurance code, eliminating fixed capital requirements for sponsored captives, expanding regulatory discretion, and adjusting reporting and tax provisions. The bill clarifies definitions, streamlines governance rules, and reflects a risk-based regulatory approach. It awaits the governor's signature as of May 2025. Learn More
Arizona HB 2193 Adds Dormant Captive Status, Lowers Cell Capital, Updates Governance
Arizona HB 2193 revises captive insurance statutes by introducing a dormant status for inactive captives, lowering capital requirements for protected cells, and updating governance language to include LLC-managed captives. These changes modernize Arizona's framework and support varied captive structures and operational needs. Read More
IRS Audits of Micro-Captive Insurance Companies: Litigation, Disclosure, and Compliance Trends
This article explores how the Internal Revenue Service (IRS) is ramping up scrutiny of micro-captive insurance companies through audits, litigation, and new 831(b) disclosure rules. Drawing from a 2025 conference session, it outlines what recent developments mean for compliance and how captives and advisers can respond with stronger governance and documentation. Read More
Global Insurers Are Expected to Face Increased Regulatory Costs
Global insurers will face increasing regulatory costs due to structural shifts in the life sector, climate change, and artificial intelligence as insurance industry regulators intensify their response to growing risks, according to Fitch Ratings. Changes in life insurance regulations might have the greater near-term impact. Read More
Captivating Metrics: What Makes a Captive Domicile Successful
Explore key metrics for defining a captive domicile's success. From number of captives licensed to regulator quality, uncover keys for informed decisions. Read More
Georgia House Bill 348 Expands Captive Insurance Framework
House Bill 348 modernizes Georgia's captive insurance laws by expanding reinsurance options, redefining controlled unaffiliated businesses, and introducing the role of sponsors for limited purpose subsidiaries. The bill removes restrictions on insurance types captives can offer, increasing flexibility and making Georgia a more attractive domicile for captive insurers. Read More