Dodd Frank Financial Reform Information
The Nonadmitted and Reinsurance Reform Act of 2010
This section of the Vermont Captive Insurance web site is dedicated to information about The Nonadmitted and Reinsurance Reform Act (NRRA) of 2010. Sometimes this act is more commonly referred to as the Dodd Frank Act or the Dodd Frank Reform. We intend to provide up to date information, white papers and industry articles on the subject as it relates to captive insurance companies.
There has been a variety of misleading information being circulated about the Dodd Frank Bill and whether or not self procurement tax applies to captive insurance. Below you will find a comprehensive white paper authored by the Washington, D.C. law firm of McIntyre & Lemon, PLLC. This white paper clarifies why the self procurement tax in NRRA does not apply to captive insurance companies.
If you have further questions about your captive insurance company and the applicability of the Dodd Frank Act, you should seek the advice of your tax accountant, tax attorney and captive manager on tax related issues.
If you have relevant information to share regarding the Dodd Frank legislation that may be a good fit for this section of the Vermont Captive insurance website, please forward it to dan.towle@state.vt.us.
Read the White Paper Discussing the Nonadmitted and Reinsurance Reform Act of 2010 and Its Potential Application to Captive Insurance. Click on the thumbnail to the left.
White Paper as written by McIntyre & Lemon, PLLC, Attorneys and Counselors at Law, Washington, DC
Read the news release from Vermont Captive:
Captive Insurance Industry Experts Continue to Weigh In on Nonadmitted and Reinsurance Reform Act:
Nonadmitted and Reinsurance Reform Act:
No Captive Insurance Impact Consortium Agrees with White Paper Conclusions
Read the News Articles:
Skip Myers of Morris, Manning & Martin, LLP.
Federal Surplus Lines Reform is on the Rocks
Captive Review Magazine Dodd Frank does not apply to captive surplus lines says VCIA Insurance News Net
VCIA: Dodd-Frank's Surplus Lines Regulations Shouldn't Impact Captives Business Insurance
Captives exempt from Nonadmitted and Reinsurance Reform Act: Vt. Officials Property Casualty
NRRA Not Applicable to Captives, Study Finds





