By any measure, 2007 was an eventful year for the Captive Insurance Cos Association (CICA). First, the 2007 annual conference set records for attendance and offered the captive industry a significant number of new, quality educational sessions. Additionally, following the success of its 2006 Fall Seminar, CICA began retooling its fall program and designed the 2007 fall event around a series of case studies. The Sep 28, 2007, Federal Register provided details regarding "IRS Proposed Regulation on Intercompany Insurance Obligations." It was clear to CICA from the start that if the proposed legislation became law, it would have a chilling effect not only on single parent captives, but on the industry as a whole. A major accomplishment of last year's CICA board was the publication of the Best Practice Guide. The Guide is the product of two task forces, one made up of industry experts and the second consisting of domicile regulators.
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