Latest Breaking News On - Washington office of the insurance commissioner - Page 3 : comparemela.com

To embed, copy and paste the code into your website or blog: On May 12, 2021, Washington’s legislature passed into law Senate Bill 5315, which implements a registration requirement and a tax on captive insurers operating in Washington. Although Washington does not license captive insurers, this new legislation now recognizes the concept of “eligible” captive insurers operating in the state but located in other jurisdictions. Such captive insurers must register with and pay premium tax to Washington’s Office of the Insurance Commissioner. An “eligible” captive insurer is defined by the new law as: a wholly owned subsidiary of a corporation or partnership that insures the risks of its owner, and/or the owner’s affiliates;

United statesOffice of the insuranceWashington office of the insurance commissionerSenate billAlthough washingtonInsurance commissionerWashington commissionerஒன்றுபட்டது மாநிலங்களில்அலுவலகம் ஆஃப் தி காப்பீடுசெனட் ர சி துகாப்பீடு ஆணையர்வாஷிங்டன் ஆணையர்