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Leading National Law Firm Anderson Kill & Olick Concludes NRRA Not Intended to Apply to Captive Insurance Companies
Date:2/27/2013

closely and understand that the NRRA should not be applied to captive insurers.”

Captive insurance is a regulated form of self insurance that has existed since the 1960’s, and has been a part of the Vermont insurance industry since 1981, when Vermont passed the Special Insurer Act. Captive insurance companies are formed by companies or groups of companies as a form of alternative insurance to better manage their own risk. Captives are typically used for corporate lines of insurance such as property, general liability, products liability, or professional liability. Growth sectors of the captive insurance industry include professional medical malpractice coverage for doctors and hospitals, and the continued trend of small and mid-sized companies forming captive insurance companies.

For a complete copy of the AKO white paper visit: http://www.andersonkill.com/webpdfext/NRRAs_Captive_Ins_Co.pdf

For information on joining the Coalition for Captive Insurance Clarity please contact Richard Smith of the VCIA at 802-658-8242 or at Smith(at)vcia(dot)com.

Read the full story at http://www.prweb.com/releases/2013/2/prweb10475448.htm.


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