Delaware Insurance Commissioner Karen Weldin Stewart has issued a bulletin which provides guidance to make it easier for captive insurers to comply with the new requirements within the federal Protecting Americans from Tax Hikes (PATH) Act. Captive Insurance Bulletin No. 6 establishes procedures so that owners of captive insurance companies may satisfy the PATH Act’s new mandates for owning captives.
Insurance Commissioner Karen Weldin Stewart announced today that her captive insurance director, Steve Kinion, was recently selected as the 2016 Captive Insurance Industry Advocate of the Year. Captive Review magazine recognized Kinion as its inaugural recipient for the award. Over the past two years, Captive Review has also named Kinion as one of the top five influential people in captive insurance in the magazine’s annual Captive Power 50 rankings.
UD Report: Captive Insurance Program Boosts Delaware’s GDP, Jobs, Incomes, Tax Revenue Commissioner Stewart Celebrates Captive Bureau’s Economic Impact DOVER, DE –Insurance Commissioner Karen Weldin Stewart today announced the release of a University of Delaware economic impact study which shows that the Department of Insurance’s captive insurance program contributes nearly $360 million to Delaware’s annual […]
Insurance Commissioner Karen Weldin Stewart and fellow members of the National Association of Insurance Commissioners (NAIC) were in Washington, D.C. this week to discuss insurance issues with members of Congress.
Insurance Commissioner Karen Weldin Stewart today announced another record year of captive insurance formations in Delaware. In 2015, Delaware licensed 74 pure captive insurers, 3 special purpose captive insurers, and 112 series captive insurers, for a total of 189 captive entities.