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Reinsurance Tax Code

Carlton Fields

Tax Court Rejects Captive Insurance Company Status Under 501(c)(15)

Carlton Fields on

Petitioner, a captive insurer domiciled in Anguilla, applied to be a tax-exempt small insurance company under IRC section 501(c)(15), and filed returns on this basis, making an election under IRC section 953(d)....more

Carlton Fields

Texas Appeals Court Affirms Summary Judgment For Texas Comptroller In Risk Pool Row

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A Texas appeals court affirmed a summary judgment that rejected an attempt by two insurers to recover more than $1.1 million for taxes, penalties, and interest on certain reinsurance agreements. Argonaut Insurance Company and...more

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