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Legislative action: Allows branch captives for employee benefit risks; lowers capital and surplus requirements for cell captives
Legislative action: Lowers premium taxes; places $125,000 tax cap on direct premiums, $75,000 cap on reinsurance premiums; allows sponsored or cell captive arrangements
Legislative action: Premium tax capped at $200,000, allows captives to be formed as limited liability companies, elevates top captive regulatory position to deputy insurance commissioner status
Legislative action: Maximum annual premium tax paid by a captive capped at $100,000 2005
Legislative action: Slashes registration fees and premium taxes paid by state risk retention groups doing business in Nevada; annual premium tax paid by a captive capped at $175,000
Legislative action: Premium taxes no longer imposed on business funded through captives
*Legislative changes since 2005