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China’s Regulator: Medical Insurance Tax-Break Program Lacks Awareness and Support System
The China Insurance Regulatory Commission said lack of awareness and an operational supporting system are among the issues in promoting the tax-break medical insurance program ...
Source: BestWire   Date: December 5, 2016
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Federal Bill Aims to Close Tax Loophole Letting Foreign Insurance Groups Avoid Investment Income Taxation
Cayman Islands, according to Warner's office. Neal, introducing his bill on the House floor, said without effective legislation, insurance experts have predicted capital migration ...
Source: BestWire   Date: October 3, 2016
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New Mexico Audit Uncovers at Least $193 Million in Unpaid Insurer Taxes
Insurance Superintendent John Franchini from State Auditor Timothy Keller. "The ultimate amount due to the state is likely to be more far more than the sums identified in the ...
Source: BestWire   Date: September 29, 2016
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Rhode Island Governor Signs Bill Allowing 50% Cut in Premium Taxes for Job-Creating Qualified Insurers
Joseph Shekarchi and four other Democrats. Insurers pay an annual tax of 2% on gross premiums on insurance contracts written during each calendar year. The new law allows the rate ...
Source: BestWire   Date: September 13, 2016
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Cadillac Tax Alliance: 300 House Members Backing Health Insurance Repeal Bills
House of Representatives. Independent Insurance Agents and Brokers of America Inc., one of the Alliance members, said the group wants to see lawmakers move to pass full repeal ...
Source: BestWire   Date: July 15, 2016
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Aon Captive CEO: Captives to Face International Tax Scrutiny
Bermuda Captive Conference in Bermuda. View the video version of this interview at: http://www.ambest.com/v.asp?v=mullen616 Following is an edited transcript of the interview. Q: ...
Source: BestWire   Date: June 17, 2016
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Michigan Governor Poised to Sign Bill Eliminating Estimated $80 Million Insurer Tax Credit
The Michigan Senate has sent Gov. Rick Snyder legislation that would repeal an estimated $80 million insurance industry tax credit, a move the Insurance Institute of Michigan ...
Source: BestWire   Date: June 9, 2016
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China Implements New Value-Added Tax Rules on Insurance
China's Ministry of Finance and State Administration of Taxation has implemented new rules and rates for the value-added tax for the financial services sector including insurance, ...
Source: BestWire   Date: May 3, 2016
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China’s Regulator Approves Nine Insurers for Tax-Break Medical Insurance Program
The nine companies are China Life Insurance Co. Ltd., China Pacific Life Insurance Co. Ltd., Ping An Life Insurance Co. of China Ltd., New China Life Insurance Co. Ltd., Taiping ...
Source: BestWire   Date: March 9, 2016
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PCI Among Those Opposing Michigan Governor’s Call for Tax Credit Repeal
The Property Casualty Insurers Association of America is among those attempting to halt Michigan Gov. Rick Snyder's proposal to repeal an insurance industry tax credit. Snyder's ...
Source: BestWire   Date: February 24, 2016
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China’s Regulator Approves Three Insurers for Tax-Break Health Insurance Scheme
Sunshine Life Insurance Co. Ltd. and Taikang Pension & Insurance Co. Ltd. have received approvals to operate tax-break medical insurance products as the first batch of insurers to ...
Source: BestWire   Date: February 17, 2016
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NAIC Credit for Reinsurance Model Law Changes Addresses Life Captive Reinsurance Restrictions, Alien Reinsurer Collateral
... Graham said in a statement. Graham said the model law revisions do nothing by themselves. "They merely give the commissioners the authority to adopt regulations concerning ...
Source: BestWire   Date: January 25, 2016
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China Commences Medical Insurance Tax-Break Scheme
China Insurance Information Technology Management Co. Ltd. The information platform for medical insurance, which is established by the CIRC-owned CIITC, has started operations with ...
Source: BestWire   Date: January 6, 2016
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China Rolls Out Pilot Medical Insurance Tax-Break Program
Finance and the China Insurance Regulatory Commission. Under the tax-break program, policyholders will have to 2,400 yuan (US$371) in tax deductions a year from their accessible ...
Source: BestWire   Date: December 16, 2015
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China's Regulator Issues Guidelines on Medical Insurance Tax-Break Program
News Service, June 3, 2015). This tax concession program will help health insurers, who recorded an annual growth rate of more than 25% over the past 10 years, according to Swiss ...
Source: BestWire   Date: August 24, 2015
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Sen. Patrick Leahy: Eliminate Double Taxation on Captives
Vermont Captive Insurance Association's annual conference in Burlington. Meg Green conducted the interview. View the video version of this interview at: http://www.ambest.com/...
Source: BestWire   Date: August 14, 2015
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Nonadmitted Insurance Multistate Agreement Looking to Boost Membership Despite Recent Withdrawals
Puerto Rico, South Dakota, Utah, Wyoming remain as full members. NIMA sparked some interest in 2013 by creating an associate member category that drew in Tennessee and Wisconsin ...
Source: BestWire   Date: July 29, 2015
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London Insurer Group Warns of 'Profound' Effects of Global Tax Changes
International Underwriting Association. The IUA, which represents the London company market, said these moves are taking place within the G20 group of the world's largest ...
Source: BestWire   Date: July 20, 2015
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US Senators Leahy, Graham Renew Attempt to Eliminate Possibility of Double Taxation on Captives
Nathan Bacchus, RIMS senior government affairs manager. "That is the fear," he said. The reintroduction of the Captive Clarification Act would explicitly omit captives from the ...
Source: BestWire   Date: June 23, 2015
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China's Tax Break on Health Insurance to Boost Demand and Product Development
... State Council's directive published in 2014. China's private health insurance sector is still small, but growing rapidly, said Swiss Re in its sigma report. This sector's total ...
Source: BestWire   Date: June 3, 2015
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