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July 12, 2005, Governor Ruth Ann Minner signed into law the Delaware Revised Captive Insurance Company Act, which substantially rewrites Delaware s captive insurance company law. The main objective of the new statute is to enhance Delaware s appeal as a domicile for captive insurance companies. This goal is to be achieved primarily by: (1) building on Delaware s stellar reputation for responsiveness to business needs; (2) regulating captive insurance companies in a rigorous but sensibl.
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