This year's Captive Insurance Cos Association (CICA) conference held in March again drew more than 500 participants. As in years past, a conference highlight was the presentation of the annual fronting survey. Another highlight at this year's CICA conference was the introduction of the "Captive Best Practices Guidelines." The list of 10 major topics was further distilled to three core areas to be covered by the guidelines. The top three guidelines are: 1. business alignment, 2. corporate governance, and 3. regulatory compliance. CICA is to be commended for publishing the Captive Best Practices Guidelines. With a committee of more than 20 people, it is always difficult to reach consensus. The Guidelines are further evidence of CICA's growing impact on the captive movement. The association's involvement, along with the Vermont Captive Insurance Association, and all the other Coalition members, helped get the proposed IRS regulation withdrawn.
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