SIIA's Response to Executive Order 13924

In response to Executive Order 13924, SIIA has asked the Administration to direct the IRS to carefully review the regulatory burdens being placed on 831(b) captives by IRS Notice 2016-66 and Soft Letter 6336, which are hindering American businesses appropriately utilizing captive insurance to mitigate COVID-related risks. Among other things, the EO directs agencies to be accountable for prompt and fair guidance and enforcement, and be clear of coercion. Click here to view response.