Captives

Subscribe to Captives via RSS

On February 3, 2022, Delaware Governor John Carney signed Senate Bill 203 (the “Bill”) into ‎law, which allows corporations to purchase and maintain directors’ and officers’ (“D&O”) ‎liability insurance through captive insurance companies.‎…
Read More Delaware Corporations Can Now Purchase D&O Coverage Through Captives

Atlanta Partner and Co-Chair of Locke Lord’s Regulatory and Transactional Insurance Practice Brian Casey, Chicago Partner Ben Sykes and New York Partner Zachary Lerner co-authored a two-part article for Insurance Journal discussing the top insurance regulatory developments of 2020, examining a year that brought many changes to the industry.
Read More Locke Lord Partners Author 2020 Insurance Year in Review Article for Insurance Journal

On February 5th, Connecticut Governor Ned Lamont delivered a series of proposals to legislators, including an act ‎concerning captive insurance companies that aims to expand the captive insurance industry, incentivizing captives ‎to relocate to Connecticut.
Read More Connecticut Governor Looks To Amend Captive Insurance Law To Offer New Incentives For Captives

The Texas Department of Insurance (“TDI”) has amended its administrative rules governing Texas captive insurance companies.  Specifically, TDI has revised various provisions in Volume 28, Chapter 6 of the Texas Administrative Code, primarily to comport with prior legislative changes in 2017 that impact the formation and oversight of captive insurance…
Read More New Captive Insurance Rules Adopted in Texas

The Texas Department of Insurance (“TDI”) has proposed amendments to 28 Texas Administrative Code sections 7.83 and 7.84, which govern the appeal of and frequency of TDI examinations. These amendments address changes to Texas Insurance Code section 401.052 and Chapter 964 of the Texas Insurance Code resulting from prior legislation. …
Read More Texas Department of Insurance Proposes Amendments to Examination Rules

The Texas Department of Insurance (TDI) has proposed a new rule and certain amendments to existing rules intended to implement provisions of the Texas Insurance Code that apply to captive insurance companies.

The proposed rule and amendments follow 2015 and 2017 legislative amendments to the Insurance Code, which enacted certain…
Read More Texas Regulators Propose Increased Opportunities for Domestic Captives

On December 29, 2016, the Internal Revenue Service issued Notice 2017-08, extending the disclosure deadlines for participants in and material advisors to certain micro-captive transactions.

Prior guidance from the Service, issued in Notice 2016-66, had identified certain micro-captive transactions as “transactions of interest” and indicated that the general disclosure requirements…
Read More Disclosure Deadlines Extended for Participants in and Material Advisors to Micro-Captive Transactions