Regulation and Oversight
Delaware licensed 56 captives in 2019, with most of the new captives licensed under a fast-track procedure.
At a recent House of Representatives subcommittee hearing, lawmakers were urged to compromise on legislation that would allow certain Risk Retention Group (RRG) to expand coverages they can offer to their policyholders.
In its newly released year-end report, the North Carolina Department of Insurance provides additional information about the domicile's 2019 captive insurance company growth.
Washington State Insurance Commissioner Mike Kreidler has ordered two captive insurance companies to stop writing business in the state.
The Bermuda Monetary Authority will be placed on the National Association of Insurance Commissioners (NAIC) List of Reciprocal Jurisdictions effective January 1, 2020.