Captive structures have long been marketed by insurance brokers as a way to control and stabilize the cost of insurance, but these brokers often fail to maximize the benefits of a captive. Captive ...
The Internal Revenue Service is proposing to restrict access to micro-captive insurance as a way to crack down on tax fraud, but at a time when some traditional insurance providers are backing away ...
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Janet Berry-Johnson is a CPA with 10 years of experience in public accounting and writes ...
The 831(b) Institute, a group that advocates for micro-captive insurance providers, sent a letter to the Internal Revenue Service requesting an extension on a deadline for disclosing information about ...
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Is Captive Insurance a Legitimate Tax Shelter?
Captive insurance can have perfectly legal tax and financial benefits, but some companies go too far Reviewed by Lea D. Uradu Fact checked by Vikki Velasquez All businesses need to protect themselves ...
The role of captive insurance companies has undergone a remarkable metamorphosis in the ever-evolving landscape of modern business. Captive insurance has transcended traditional risk mitigation to ...
On May 8, 2023, Governor Phil Scott signed Vermont’s annual captive “housekeeping” bill into law. The 2023 legislation includes the following notable provisions: Naming Conventions for Incorporated ...
Every year, the members of the Vermont Captive Insurance Association’s legislative committee and the Vermont Department of Financial Regulation (the “DFR”) work to improve Vermont’s captive insurance ...
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