Bring Your Captive Insurer Home

Law360, New York (November 6, 2013, 2:59 PM EST) -- Many companies use captive insurers or risk-retention groups to fund primary layers of liability exposure, large deductibles or self-insured retentions. Companies also may use a captive to provide stop-loss or reinsurance protection in connection with an employer-sponsored health insurance plan.

Companies that have captive insurers (or that are considering forming a captive) should be aware of recent changes in federal and state laws regarding insurance premium taxes. Some captives have already moved their captives back home from “offshore” as a result of these changes.

NRRA and...
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