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Captive Groups Battle IRS Reg On Capitol Hill

Representatives of four captive insurance associations said after a day of lobbying key members of Congress yesterday that they made progress fighting a proposed IRS regulation they believe would unde

By Caroline McDonald | Updated on November 16, 2007

Representatives of four captive insurance associations said after a day of lobbying key members of Congress yesterday that they made progress fighting a proposed IRS regulation they believe would undermine the alternative risk-transfer market.

Members of the group told National Underwriter their most significant meeting was with Senator Max Baucus, D-Mont., chairman of the Senate Finance Committee, which is the IRS oversight committee in the Senate,

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