News & Analysis as of

Captive Insurance Company Disclosure Requirements Insurance Industry

Womble Bond Dickinson

Micro-Captive Reportable Transaction Deadline Effectively Extended

Womble Bond Dickinson on

On Friday, April 11, 2025, the Internal Revenue Service issued Notice 2025-24 (the “Notice”), which waives applicable penalties under the Internal Revenue Code to participants in, and material advisors to, reportable...more

Pillsbury Winthrop Shaw Pittman LLP

New York Enacts Sweeping New Insurance Disclosure Requirements for State Court Litigants

Amendments to CPLR § 3101(f) now require the disclosure of voluminous information including insurance applications and information about other claims. Defendants in New York state court must produce extensive...more

Carlton Fields

IRS Treats Captives With Section 831(B) Elections As “Transactions Of Interest”

Carlton Fields on

On the heels of Congress’ amendments last year to Section 831(b) of the Internal Revenue Code to curb perceived abusive use of so-called “micro” captive insurance companies, the IRS recently issued Notice 2016-66 officially...more

Troutman Pepper Locke

NAIC Proposes Changes to Life Insurer Disclosure Requirements and Treatment of Investment Affiliates

Troutman Pepper Locke on

This month, the NAIC set forth a variety of proposals relating to changes risk-based capital (“RBC”) requirements, as well as treatment of investment affiliates. In particular, the NAIC seeks to require life insurers to...more

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