Regulation and Oversight

Tennessee Relaxes Captive Meeting Requirements Due to COVID-19

April 23, 2020

Due to the spread of the coronavirus, the Tennessee Department of Commerce and Insurance is temporarily suspending its requirement of in-person meetings with prospective captive insurance company sponsors. Instead, Tennessee captive staffers will meet prospective captive insurance company owners and their captive managers by video conference. Read More

Kentucky Extends Captive Filing Deadlines Due to COVID-19

April 9, 2020

Due to the COVID-19 pandemic, Kentucky captive insurance companies will get more time to file certain information with the Kentucky Department of Insurance. Read More

Vermont Eases In-State Board Meeting Requirement Due to COVID-19

March 27, 2020

The Vermont Department of Financial Regulation (DFR) has eased its requirement for in-state captive insurance company board meetings in 2020 due to the COVID-19 outbreak. The DFR said it will allow captive boards unable to hold required annual meetings in Vermont in 2020 to seek a waiver from the department. Read More

Bermuda Extends Captive Reporting Deadline Due to COVID-19

March 20, 2020

Responding to the business disruptions resulting from COVID-19, the Bermuda Monetary Authority (BMA) is giving captive insurers licensed in the domicile more time to file annual reports. The BMA said it will waive the fee that had applied for captive insurance companies that sought a 1-month delay in filing requirements. Read More

Tennessee Captive Domicile Licenses 200th Captive Insurer

February 21, 2020

Joining just a handful of other US domiciles, Tennessee last week licensed its 200th captive. Read More