Delaware Guidance on PATH Act Ownership Changes
Originally published on IRMI.com.
IN 2015, THE DELAWARE CAPTIVE INSURANCE ASSOCIATION (DCIA) formed a Regulatory Liaison Committee to work with the Delaware Department of Insurance (DDOI) to streamline and improve the regulation and administration of captive insurance in Delaware. Consistent with Delaware’s long history of business-friendly regulation and government, DDOI has been meeting regularly and productively with the DCIA Regulatory Liaison Committee.
These meetings, attended by several regulators and a group of captive managers and other industry professionals active in Delaware, have focused on identifying or anticipating regulatory or administrative issues and developing efficient solutions that consider the needs of both industry participants and regulators. These meetings have been fruitful and have resulted in a flurry of recent regulatory bulletins as well as other changes that include easier forms, simpler processes, and smoother reporting….
