Captive insurance industry representatives fighting an Internal Revenue Service proposal that would add to their tax burden pled their case face-to-face with Treasury Department officials who seemed "genuinely interested" in hearing from them, the buyers group told National Underwriter.
The captive group believes the regulatory change the IRS has proposed would undermine the viability of this alternative risk-transfer option for risk managers.
Richard D. Goff, president-elect of the Self-Insurance Institute of America., and Cliff Roberti, director of government relations for SIIA, commented after meeting with eight ranking officials from the U.S. Treasury Department and the IRS in Washington, D.C.
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