How to Ensure Your ERC Captive Is Compliant With State Insurance Regulation

How to Ensure Your ERC Captive Is Compliant With State Insurance Regulation

by Jeffrey K. Simpson and Dana Sheridan

Like so many of our generation, we miss our old, late night friend, David Letterman. Nothing will ever be as ridiculously hilarious as Letterman hanging from the wall in that Velcro suit or maybe that guy who stopped a fan with his tongue! As silly as his show could be, Letterman was also something of a social commentator, and Letterman would certainly have had something to say about the Enterprise Risk Captive (“ERC”). He might have had Paul Shaffer write a song about how brilliant is the person who thinks it a good idea to refer to a risk management vehicle by a section of the tax code...

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