Changes to Captive Insurance Companies Annual/quarterly Filing Requirements
Recently, Insurance Commissioner Matthew Denn issued a general notice to all captive insurance companies:
Beginning with the 2006 Annual Statement, captive insurance companies domiciled in Delaware that reinsure life insurance policies as part of a securitization transaction shall file quarterly and annual statements on a statutory accounting principles (SAP) basis using forms approved by the National Association of Insurance Commissioners for life insurers.
There’s really not much more to it than that, but if you like, you can read the entire notice here:
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