Captive insurance companies are likely exempt from filing a Beneficial Ownership Information (BOI) Report under the insurance company exemption to the Corporate Transparency Act (CTA). Likewise, companies that are owned by captive insurance companies are likely exempt from filing a BOI Report under the subsidiary exemption.
However, there is no “upward” exemption for parent companies of exempt entities and, therefore, holding companies that own captive insurance companies are likely not exempt from filing a BOI Report unless the holding company itself qualifies for another exemption.
