The number of captive licenses in Montana increased 92 percent in 2006, according to the Montana Captive Insurance Association Inc., which summarized figures published by the Montana Department of Insurance. According to MCIA, there were 23 licensed active captives and risk retention groups in 2006, up from 12 licensed companies in 2005.
“Coverages written by the new captives include medical stop loss, errors and omissions liability, workers’ compensation, general liability, professional liability, and property for U.S. and worldwide exposures,” MCIA said.
Was this article valuable?
Here are more articles you may enjoy.
Majority of Small Business Are Underinsured as Other Expenses Prioritized 
London Broker Howden Plots Giant Capital Raise on IPO Path 
Lloyd’s of London Says Former CEO Neal Breached Compliance Rules 
Gallagher’s RPS Acquires W.N. Tuscano Agency, a Pennsylvania MGA From This Issue
