Tennessee Passes New Captive Insurance Legislation

Burlington, VT— With legislation unanimously passed by Tennessee’s House and Senate that modernizes the state’s captive insurance statutes and seems certain to become law, U.S. captive domiciles promise to become even more competitive. Because the law is expected to allow captives to write worker’s compensation insurance, possibly without fronting, it will also be innovative.

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RRG Legislation Gains Steam with Introduction of Bill into U.S. House

Burlington, VT—The industry’s leading risk and insurance management associations joined in unison to praise the introduction of HR 2126 into the U.S. House of Representatives, Friday, June 3. The bill was referred to the House Committee on Financial Services. This action ends two years of waiting for this bill to arrive in Congress. For at least the last decade, risk managers have sought relief to stop discriminatory practices by some states against risk retention groups.

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