Sen. Warner Introduces Bill on Reinsurance With Non-Taxed Affiliates

by MYRA TUGADE Targeted News Service

WASHINGTON, Sept. 30 -- Sen. Mark R. Warner, D-Va., has introduced legislation (S. 3424) to amend the Internal Revenue Code of 1986 "to prevent the avoidance of tax by insurance companies through reinsurance with non-taxed affiliates."

The bill was introduced on Sept. 28. It was referred to the Senate Finance Committee.

For more information about this legislation, contact Sen. Warner in Washington at 202/224-2023; or in the state office at 919 E. Main St., Ste. 630, Richmond, VA 23219; 804/775-2314.

Myron Struck, editor, Targeted News Service, Springfield, Va., 703/304-1897; editor@targetednews.com; http://www.targetednews.com

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