Captive insurance industry representatives fighting an Internal Revenue Service proposal that would add to their tax burden pled their case face-to-face with Treasury Department officials who seemed "genuinely interested" in hearing from them, the buyers group told National Underwriter.

The captive group believes the regulatory change the IRS has proposed would undermine the viability of this alternative risk-transfer option for risk managers.

Richard D. Goff, president-elect of the Self-Insurance Institute of America., and Cliff Roberti, director of government relations for SIIA, commented after meeting with eight ranking officials from the U.S. Treasury Department and the IRS in Washington, D.C.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.