VOLUME 3; NUMBER 8 SEPTEMBER 2017 (Southern Pines)….Issues related to Section 831(b) captives continue to demand the attention of NCCIA and the captive community. The Internal Revenue Service shows no sign of backing off on its attack on the captive insurance industry. Emboldened by its victory in the Avrahami Tax Court [Docket no. 17594-13] decision, the presiding Judge is …
VOLUME 3; NUMBER 10 OCTOBER 2017 (SOUTHERN PINES)……First from Washington. As we hear daily, it’s “trick or treat” time on Capitol Hill. House Ways & Means Committee Chairman Kevin Brady will release the proposed tax reform bill, which has been under wraps for months, as soon as this week. This bill reflects the mark-up of the legislation …
SPECIAL EDITION NOVEMBER, 2017 (SOUTHERN PINES)….The Tax Legislation the nation has been waiting for was finally introduced on Nov.2 after several days of delays. For details as to the legislation, go to this website www.waysandmeans.house.gov. Click link to search bar for Tax Cuts & Jobs Act. For the captive insurance industry, this bill and …
VOLUMN 4 ISSUE 3 March 2018 RECENT NEWS Changes to Section 831(b): Last week, Congress passed a 1.7 billion dollar spending bill for the rest of the fiscal year, and to the surprise of many in the captive insurance industry, the bill contains much sought after amendments to Section 831(b). Buried in the legislation …
VOLUMN 3 ISSUE 11 November/December, 2017 More good news for the captive industry in North Carolina More good news for the captive industry in North Carolina, from the Department of Insurance. According to Debbie Walker, Deputy Insurance Commissioner responsible for captives we currently have 584 domiciled captives in North Carolina (199 stand-alone, 385 protected cells). …
VOLUME 4; NUMBER 2 FEBRUARY 2018 (SOUTHERN PINES)…..Coming on March 12th, a brand new NCCIA Website with new features and a new format. The new format is fully cell phone or tablet friendly. Work began on the site update several months ago after budget approval by the NCCIA Board. Mark your calendars to take a look at the …
VOLUME 4; NUMBER1 JANUARY 2018 (SOUTHERN PINES)….Welcome to the new look of the NC Captive Insurance Association Newsletter, now called North Carolina Captive. Over the course of the year we will be making changes to the newsletter to try to bring you more pertinent industry information and news about what is happening with our members. To make …
