Standards · Survey · Commentary
A practitioner journal for captive insurance compliance — model calendars, working standards, and an annual survey of how this industry actually runs. Everything cited to primary authority, because in this field an uncited answer is a liability.
First issue lands when it's ready. No list sales, ever.
The §831(b) premium cap is an indexed parameter — $2.9 million for taxable years beginning in 2026 per Rev. Proc. 2025-32 — yet much of the industry's own literature still quotes stale figures. On treating tax limits as data with effective dates, not numbers in a brochure.
831(b) Read →Every recurring obligation — VCAR, premium tax, audit, actuarial opinion, renewal, governance — assembled from 8 V.S.A. chapter 141 and Regulation C-81-2, with the citation beside every date and the fiscal-year election's knock-on effects mapped.
Standards Read →An affirmative case for the properly structured small captive — premium-cap discipline, both diversification prongs, loss-ratio awareness, and the documentation habits that make an examination boring.
CommentaryThe Record's only editorial policy: cite it or don't print it.