A coalition including two major captive associations is racing to meet an Internal Revenue Service deadline and submit arguments why a proposed IRS regulation would harm their industry.
The Coalition for Fairness to Captive Insurers (CFCI)–consisting of the Captive Insurance Companies Association, the Vermont Captive Insurance Association and more than 60 other members–have hired legal help to draft comments that must be submitted to the Internal Revenue Service by Dec. 27, according to CICA President Dennis P. Harwick.
"We're up and running," he said, explaining that the effort consists of two main components–the technical/legal response and the political response. "The technical/legal has a deadline of Dec. 27, which we will comfortably meet," he added.
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
Already have an account? Sign In Now
© 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.