February 15, 2013 – The Tennessee Captive Insurance Association (TCIA) today announced that it has joined the Clarity for Captive Insurers Coalition (CCIC). The coalition has been formed to support efforts to pass federal legislation amending the Nonadmitted and Reinsurance Reform Act (NRRA) to clarify that it does not apply to captive insurance companies for purposes of direct placement tax assessments.
Coalition efforts may include, but are not limited to, educational efforts, public relations, and focused advocacy efforts at the federal level designed to result in a clarifying amendment to the NRRA. Other coalition members include:
Johnson Lambert LLP
Delaware Captive Insurance Association
Missouri Captive Insurance Association
Saslow Lufkin & Buggy LLP
Strategic Risk Solutions (SRS)
USA Risk Group
State of Vermont
Connecticut Captive Insurance Association
CICA (Captive Insurance Companies Association)
Vermont Captive Insurance Association (VCIA)
Amethyst Captive Insurance Solutions
Arizona Captive Insurance Association
Captive Insurance Council of the District of Columbia
Please watch for additional updates as warranted.