VCIA’s president criticises Washington’s captive law

Vermont State House

Washington state’s new captive bill is poorly drafted and sets a terrible precedent on regulation in other domiciles, according to the Vermont Captive Insurance Association (VCIA). In a recent blog, Rich Smith, VCIA president, says the captive insurance industry is facing a new slippery slope following the approval of legislation by the Washington State Senate that would set new requirements…

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