Four years of high school Latin plus one in college equals one murky memory of the dead language. Subpoena is a Latin term (meaning, "under penalty") that risk managers often encounter.
The regulation--1.1502-13(e), proposed on Sept. 28, 2007--would have eliminated the tax deduction for reserves established by captives for insurance sold to affiliates, if the insureds and insurer
Last year, 71 new captive insurers were incorporated, compared to 82 in 2006, noted Peter Willitts, president of the Bermuda Insurance Managers Association, as well as president of Liberty Mutual
The captive community was positively giddy with today's news that the Internal Revenue Service had second thoughts about withdrawing the critical deduction such entities enjoy ...
The regulation, 1.1502-13(e), proposed on Sept. 28, 2007, would have eliminated the tax deduction for reserves established by captive insurers for insurance sold to affiliates, if the insureds and in
The Internal Revenue Service last month revived its 2005 reassessment of tax treatment for cell captives, determining that it will test risk shifting and risk distribution on a cell-by-cell basis,