compliance

Captive Compliance 101: A Checklist for Maintaining a Healthy Captive

Captive Compliance 101: A Checklist for Maintaining a Healthy Captive

Keeping your captive compliant is key in the event of an audit or Internal Revenue Service (IRS) challenge. Making sure that your captive insurance company is bulletproof begins with verifying it is set up for the right reasons. Once set up, your captive should remain compliant with all applicable regulations and laws. This article discusses areas that an active captive insurance company should review frequently to remain compliant and in good shape.