NU Online News Service, July 12, 3:55 p.m. EDT
A Congressional subcommittee will hold a hearing Wednesday on whether Congress should tighten rules dealing with the tax deduction taken by insurers who cede premiums to overseas affiliates, including reinsurers.
Sam Leaman, an analyst at Washington Analysis, which advises institutional investors on legislative issues, acknowledged that the hearing is a necessary prelude to tightening rules on premiums ceded to overseas affiliates.
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