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CICA Continues Opposition to Taxation of Offshore Reinsurance Premiums

Apr 15, 2013
The CICA Board of Directors recently renewed its support of the Coalition for Competitive Insurance Rates (CCIR), a broad coalition of concerned individuals and organizations that opposes efforts to deny a tax deduction for certain reinsurance premiums paid to foreign-based affiliates by domestic insurers.  This proposal was included in the Administration’s recently released FY 2014 Budget and closely resembles legislation previously introduced by Rep. Richard Neal (D-MA), known as the “Neal Bill”.   READ MORE