CARFM Opposes

Reinsurance Tax Bill

After deliberating at length with its constituency, the Coalition of Alternative Risk Funding Mechanisms has finally taken a stand in opposition to H.R. 1755, the Reinsurance Tax Equity Act, which the organization said could have an “adverse impact on commercial insurance buyers.”

Carl Modecki, president of the Captive Insurance Companies Association and principal of Carl A. Modecki Consulting Services in Tallahassee, Fla., characterized CARFM’s move as “another positive statement supporting the position that CICA has, so were delighted with it.”

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