The enactment of the Nonadmitted and Reinsurance Reform Act of 2010, which is part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, has put the spotlight on the regulation and taxation of captive insurance companies by non-domicile states.
In this webinar, veteran captive insurance attorneys Kathy Davis and Kevin Moriarty examined the regulatory and tax issues related to the Act and discuss strategies that captive owners can employ to address them.
Kathy Davis, a director of the firm, concentrates in regulatory and corporate law with an emphasis upon insurance regulation. She chairs the DRM insurance practice group, which represents more than 100 Vermont single-parent and group captive insurance companies including risk retention groups and reciprocal exchanges, as well as a number of traditional insurers. Davis provides counsel to RRGs in relation to ongoing regulatory compliance under the Federal Liability Risk Retention Act of 1986 and the various states’ insurance laws, and corporate, insurance, reinsurance and tax issues that arise in connection with the provision of insurance by risk retention groups. Davis graduated from Middlebury College and Boston University School of Law. She is a past member of the Board of Directors of the VCIA and the NRRA.