KEY TAKEAWAYS:

Louisiana passed the CHOICES Act to ease captive insurance formation

Law reduces capital requirements for small business insurance options

Captive insurance helps small firms manage unique and uncovered risks

IRS regulations clash with congressional intent, burdening businesses

As the founder of Financial Management Services of America LLC, with offices in Louisiana, Florida, Iowa and Texas, I know how difficult it is for small businesses to find affordable, flexible insurance options. The commercial insurance market keeps tightening as carriers raise rates, increase exclusions, and drop policies.

Captive insurance offers a very practical alternative, but unfortunately, it is frequently stifled by outdated rules and federal red tape.

Thankfully, the Louisiana

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