NU Online News Service, Oct. 17, 2:38 p.m.EDT
Owners of captive insurers concerned that they need to relocatetheir captive because of Nonadmitted and Reinsurance Reform Act(NRRA) requirements can now rest easy, according to a white paperon the subject.
The new federal law, part of the Dodd Frank Act, has noapplicability to captive insurance, concludes an independent whitepaper prepared commissioned by the Vermont Captive InsuranceAssociation (VCIA) by the law firm of McIntyre and Lemon, PLLC ofWashington, D.C.
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