NU Online News Service, May 27, 10:00 a.m. EDT
Legislation passed last weekend will allow the formation of captive insurers in Tennessee as of July 1, according to a spokesperson.
Tennessee was the second domicile in the U.S. to have a captive law in the 1970s, after Colorado, but eventually discouraged formations. Currently there are only a handful of licensed captives in Tennessee.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
