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CICA Statement on 831(b) Captives

Apr 03, 2014

Over the recent months and years, CICA has heard much commentary on the utilization of Internal Revenue Code 831(b) by small captives. Although many of these 831(b) captives are legitimate risk shifting and risk distribution vehicles using arms-length pricing, it is equally true that many are not. The CICA Board of Directors adopted this statement at its recent meeting.