Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Georgia law aims to attract more captive insurers

Reprints
Georgia law aims to attract more captive insurers

Georgia Gov. Nathan Deal last week signed a bill designed to make the state a more attractive and competitive captive domicile.

S.B. 173 was sent to the governor in April after being adopted by a 51-0 margin in the state’s Senate and a 164-2 margin in its House of Representatives.

The bill has three broad objectives: clarifying and updating the general definitions in the state’s captive law, streamlining the corporate formation of captive insurance companies and allowing captives to be limited liability companies. 

Georgia had 28 captives in 2016, up from 16 in 2015 and 13 in 2012, according to Business Insurance data. 

Read Next