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Delaware Captive Insurance Legislation Signed by Governor

State’s dormancy laws now offer greater flexibility
With the Governor’s recent signature, Delaware’s Captive Insurance Division is celebrating increased flexibility in its offerings to captive insurance companies. Senate Substitute 1 for Senate Bill 36 allows captives to be classified as registered series, offers clarity to provisions regarding insuring a parent company, and allows for a captive to enter dormancy after 12 consecutive months of inactivity, rather than requiring a calendar year of inactivity.
“We continue to work to streamline processes to maintain our status as one of the most attractive captive domiciles,” shared
Insurance Commissioner Trinidad Navarro . “In the past, if a company stopped writing insurance business mid-year, they would need to wait 18 months to file for dormancy in order to satisfy the calendar year provision and become eligible, and requiring the captive to pay premium taxes and continue to submit statements to th ....

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Delaware Captive Insurance Legislation Signed by the Governor

Delaware Captive Insurance Legislation Signed by the Governor
insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.

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Delaware Captive Insurance Legislation Signed by Governor

Delaware Captive Insurance Legislation Signed by Governor
delaware.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from delaware.gov Daily Mail and Mail on Sunday newspapers.

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Captives 101: Using TN Captive Entities To Insure Enterprise Business Risks - Insurance

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Join Dickinson Wright Attorney Kevin M. Doherty for the
Tennessee Business Roundtable s Captives 101: Using TN
Captive Entities to Insure Enterprise Business Risks webinar
on Thursday, March 4, 2021 at 2 p.m. CT.
This webinar will explain the basics of captive insurance,
including the types of captives, the insurance risks that captives
can write, and the benefits that captives provide to businesses.
Participants will gain critical knowledge about this little-known,
valuable risk-management mechanism from three of Tennessee s
top captive insurance experts:
Kevin M. Doherty, Member, Dickinson Wright PLLC ....

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Global Fiber-Based Packaging, Pulp and Paper Products Leader International Paper Relocates Its Captive Insurance Company From Vermont To Tennessee

Wednesday, December 16, 2020 |
03:52pm
NASHVILLE The Tennessee Department of Commerce & Insurance’s (TDCI) Captive Insurance Section and Memphis-based global fiber-based packaging, pulp and paper products leader International Paper proudly announce the relocation of International Paper’s captive insurance company from Vermont to Tennessee.
The arrival of International Paper’s captive insurance company is a milestone for Tennessee as it represents the Volunteer State’s 700th risk-bearing captive insurance entity. Tennessee now has 211 standalone captives and 489 cell captives. Tennessee is currently ranked as the 7th largest captive domicile in the United States and 12th largest domicile in the world.
Captive insurance companies, which are regulated by TDCI, are formed primarily as a financing vehicle to self-insure the related or affiliated business risks of its owners. A risk-bearing entity is any formation type of a captive insurance company, including ....

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