The Texas Department of Insurance (TDI) announced the formation of a new captive insurer and the redomestication of two other captive entities have been approved under new rules adopted to implement Senate Bill (SB) 734. The legislation authored by Sen. …
The Texas Department of Insurance has begun accepting applications from captive insurance companies located in other jurisdictions that would like to relocate to Texas. TDI will license the companies under a law change approved by the 83rd Texas Legislature and …
North Carolina is open for business as a domicile for captive insurance companies. The North Carolina Captive Insurance Act, signed into law on June 19, is now in effect, allowing for the formation of captive insurance companies in the state. …
MagMutual Insurance Co., a medical professional liability insurer in the Southeast, has formed OURCell Captive, P.C.C. A wholly owned subsidiary of MagMutual, OURCell Captive provides physician practices and hospital systems that desire to actively participate in the retention and management …
Applications are now being accepted in Tennessee for firms looking to create captive insurers under the state’s revised law. The Tennessee Department of Commerce and Insurance released a new application form for companies to use as required under a new …
Tennessee Gov. Bill Haslam is expected to sign a bill allowing the formation of new types of captive insurance companies in the state and guaranteeing funding for their regulation. The state has been falling behind in the race for captives …
