As we previously reported here, Tennessee recently amended its captive insurance laws in an effort to increase its attractiveness as a domiciliary state. This led to the licensing of Park View Insurance Company as a pure captive for parent company HCA Inc., a Nashville-based operator of hospitals and health systems throughout the country.
Subsequently, on September 12, 2011, the Tennessee Captive Insurance Association (“TCIA”) announced it has become fully operational and has begun accepting application for memberships. In addition, TCIA plans to hold its first annual conference on December 6-7, 2011 in Nashville. TCIA’s objective is to “promote the state as a premiere captive insurance domicile, particularly for those interested in having their captives based in the Southeastern United States.”