Articles

Search Articles
Search by date
Choose From Date
Choose To Date
SearchClear

The Rules of Insuring Employee Benefits in Captives

August 2002

Risk Management

In 1993, in response to the publication of the Internal Revenue Service's (IRS) Revenue Ruling 92-93, 1992-2 C.B, 15, the state of Vermont enacted legislation that would allow captive insurance companies to write employee benefit plan business. Soon thereafter, Hawaii enacted a similar provision to amend its captive insurance company law. And interest continues to grow. There are three categories of legal issues to consider: federal income tax issues, state insurance regulatory constraints and prohibited transaction considerations under the Employee Retirement Income Security Act of 1974 (ERISA). The U.S. Department of Labor's (DOL's) evolving interpretations of ERISA have spurred more contentious issues and provide for more dramatic changes in the future. These are examined in detail.
 

Related People

Our Story

Sutherland Asbill & Brennan LLP is an international law firm helping the Fortune 100, industry leaders, sector innovators and business entrepreneurs solve their biggest challenges and reach their business goals. Dedicated to unfaltering excellence in client service, we are known for our business savvy and industry intelligence, providing creative and custom solutions for each of our clients. Industry and business experience makes the difference for our clients.

click to watch Videocast: DOL Fiduciary Rule Litigation Impacts
Videocast: DOL Fiduciary Rule Litigation Impacts
Atlanta, GA
Washington, DC
© 2016 Sutherland Asbill & Brennan LLP / Sutherland (Europe) LLP
MYBRIEFCASE
Add this page to MYBRIEFCASE
Add Page to MYBRIEFCASE
News/Commentary - The Rules of Insuring Employee Benefits in Captives
Current MYBRIEFCASE Pages
Save ChangesDownload MYBRIEFCASEClear All