The 2014 Symposium on Captive Insurance in Connecticut, Stamford, CT
Edwards Wildman is a sponsor of The 2014 Symposium on Captive Insurance in Connecticut on September 17, 2014 in Stamford, CT
Read MoreTopic: Captives
Edwards Wildman – Insurance and Reinsurance Review – May 2014
Welcome to the fourth e-edition of the Edwards Wildman Insurance and Reinsurance Review.
Read MoreUpdate: CT Captive Insurance Amendments Effective October 1, 2014
An act amending the Connecticut captive statute pursuant to Public Act No. 14-6 (the “Act”), reported here, has been signed by Connecticut Governor Dannel P. Malloy, and will take effect October 1, 2014.
Read MoreCT Seeks to Amend Captive Insurance Law in Continued Effort to Attract Captives
Public Act No. 14-6 (the “Act”), which would amend Connecticut’s captive law, has passed both the Connecticut State Senate and House of Representatives, and is on its way to Governor Malloy’s desk for signature.
Read More“Dormant Status” Now Granted Under Vermont Captives Law
On April 15, 2014, legislation was passed in Vermont enhancing the state’s captive law. H.563, known as “An Act Relating To Captive Insurance Laws And Accreditation Standards,” allows a “dormant” captive to maintain licensing status within Vermont.
Read MoreU.S. Department of Labor Gives Final Approval for Intel Corp. to Use its Hawaiian Captive Insurer to Fund Certain Employee Benefit Risks
The U.S. Department of Labor (“DOL”) has given final approval for Intel Corp. to use its Hawaii-based captive insurer to reinsure group term life insurance and accidental death and dismemberment policies issued by Minnesota Life Insurance Co.
Read MoreTexas Regulators Adopt Rules Implementing Captive Insurance Laws
The Texas Department of Insurance (TDI) has adopted new rules implementing provisions of the Texas Insurance Code that remove regulatory barriers for captives. The new rules go into effect on April 27, 2014.
Read MoreNew York State Department of Financial Services Circular Letters Regarding Disaster Preparedness
On March 31, 2014, the New York State Department of Financial Services (“DFS”) issued three separate Circular Letters pursuant to various laws, including Insurance Law Sections 308, 1109, 2130 and 7001, Articles 42, 44 through 47, 52 through 55 and 59, and Financial Services Law Sections 202 and 306, setting forth standards expected of the “addressees” (as defined below) in planning, preparing for and responding to disasters in New York State.
Read MoreLive Blog: Financial Regulation Standards and Accreditation (F) Committee Spring NAIC Meeting
The Financial Regulation Standards and Accreditation (F) Committee (the “Committee”) Spring NAIC Meeting addressed a number of pertinent topics; however, the majority of debate and comments centered around the definition of “Multi-State Insurer” for accreditation purposes.
Read MorePotential New York Legislation to Introduce Tax Changes With Respect To Captive Insurers
Earlier in 2014, Governor Andrew Cuomo introduced a series of tax reforms in his budget bill (the “Bill”) which is currently being addressed by the state legislature.
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