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The Principals of CIC Services, LLC Have Over a Century of Experience in the Insurance Industry.
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Weekly, clear-headed commentary on the captive industry.
I was watching basketball this weekend and was rather amused by the antics of the home team’s crowd, whenever the visiting team was shooting free throws. The home team’s student section and cheerleaders were behind the basket, screaming wildly and waving foam noodles behind the see-through plexi-glass backboard. Despite all the racket, most opposing players […] Continue reading
We interrupt our regularly scheduled programming for this Obscene Captive Domicile Growth Report. Despite the IRS putting captive insurance companies (CICs) on its “dirty dozen” list for 2015 (CLICK HERE to read about captives and the “dirty dozen”), the captive industry continues to grow, largely fueled by up-and-coming domiciles in the United States. Here are […] Continue reading
Over the last few weeks, we have addressed the “Tax Extenders” bill titled H.R. 34. As noted, this new legislation included Section 262 titled, “MODIFICATIONS TO ALTERNATIVE TAX FOR CERTAIN SMALL INSURANCE COMPANIES.” These modifications impact small captive insurance companies (CICs) that make an 831(b) tax election (CLICK HERE to read about H.R. 34 and […] Continue reading