Financial Services Industry
Industry: Email Alert RSS FeedP-C Captives May See Benefits Growth.(Department of Labor benefits policy)(Brief Article)
National Underwriter Property & Casualty-Risk & Benefits Management, January, 2001 by MARION, EILEEN
Last August, the U.S. Department of Labor made a move that may set in motion a potential shift in employee benefit programs, allowing employers to offer such programs via captive companies. What DOL did was affirm an exemption request filed by Columbia Energy Group of Herdon, Va. In its Application (No.
D-10802), CEG sought an exemption that allows CEG to put its group long-term disability employee benefit program into its offshore property and casualty insurance captive. (The application was reported, along with several unrelated items, in Volume 65, No. 160 of the "Federal Register," beginning at 65 FR 50223.) The exemption may be the spark that triggers significant change in the benefits world--from use of domestic self insured or insured benefit...
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