Coalition for Captive Insurance Clarity Praise New Legislation to the NRRA

Clarification of the Non-Admitted Reinsurance Reform Act (NRRA) in relation to captive insurance has been introduced to the US Senate. Chairman of the South Carolina Captive Insurance Association, Andrea Bartlett, said: “It is our belief that the clarifying language of this bill will eliminate current misinterpretations of the intent of the NRRA and will allow organizations to select captive domiciles that provide the best options for their risk management programs”. The Coalition for Captive Insurance Clarity (CCIC) is hopeful that this legislation will clarify that the NRRA was never meant to apply to captive insurance.