CIC head fears retaliation over micro captives case, NCCIA
Sean King, president of CIC Services, recently spoke at the North Carolina Captive Insurance Association (NCCIA) annual conference about the recent battle with the IRS over micro-captive transactions. Captive International covered the presentation in a recent article quoting NCCIA founding member Alex Webb, “The discussion on the IRS vs CIC court case ruling has been long anticipated. There was obviously a great deal of enthusiasm in the audience for this topic; we certainly had the best players up on the panel today,” he said. “I think it was obvious Sean King has passion about this as he stuck with it even in the face of what he expects in the form of retaliation, which is a shame that he has to think that, but it is a real thing.”
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