VOLUME 3; NUMBER 1 JANUARY 2017 (Southern Pines)…..The New Year has brought more governmental activity in Washington and a major announcement from North Carolina’s new Insurance Commissioner Mike Causey. First, from Commissioner Causey who reports that North Carolina’s captive insurance company program has once again exceeded expectations during the program’s third full year of operation. …
VOLUME 3; NUMBER 2 FEBRUARY 2017 (Southern Pines)……Efforts by NCCIA and other interested parties to provide relief to micro-captives from the overly burdensome compliance rules embodied in IRS Notice 2016-66 continue in Washington on two fronts. Association members, captive managers and others involved in the captive industry continue to write the IRS asking that the …
VOLUME 3; NUMBER 3 MARCH 2017 (Southern Pines)……Efforts by NCCIA and other interested parties to provide relief to micro-captives from the overly burdensome compliance rules embodied in IRS Notice 2016-66 continue in Washington on two fronts. Association members, captive managers and others involved in the captive industry continue to write the IRS asking that …
SPECIAL EDITION APRIL 2017 (Southern Pines)…..This week there have been federal and state developments affecting the North Carolina captive insurance industry. NCCIA has retained the law firm of Womble, Carlyle, Sandridge and Rice of Winston Salem to file a Friend of the Court or Amicus Brief in support of a lawsuit in federal court seeking a temporary …
VOLUME 3; NUMBER 4 APRIL 2017 (Southern Pines)….The Federal District Court for the Eastern District of Tennessee rejected a Preliminary Injunction to prevent enforcement of IRS Notice 2016-66. The Court convened in Tennessee on Friday, April 21st to hear the request for injunctive relief brought by CIC Services as a manager of captive insurance companies and Ryan LLC as a …
VOLUME 3; NUMBER 5 MAY 2017 (SOUTHERN PINES)…..Early Bird Registration for the NC Captive InsuranceAssociation Annual Conference ends on June 15, 2017. Early registration is an opportunity for significant savings to individuals who are planning to attend the conference. According to Thomas Adams, NCCIA President & CEO, the “2017 event has been enhanced with the …
VOLUME 3; NUMBER 6 JUNE 2017 (SOUTHERN PINES)….Below is a legislative update from NCCIA as the NC General Assembly moves toward adjournment. By the time this Newsletter is distributed, the State House will probably be empty – no Representatives or Senators, no staffers, lobbyists or petitioning interest groups or citizens. On Thursday, the name of the game …
VOLUME 3; NUMBER 7 JULY/AUGUST 2017 (EDITORS NOTE: Due to a Special Session of the NC General Assembly in early August and the need to cover it’s results, the July & August editions of this Newsletter have been combined). (SOUTHERN PINES) Excitement is growing as the Annual Conference of the NC Captive Insurance Association draws near. There is …
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 …
