Small Mutual Inflation Update [F]
NAMIC strongly supports H.R. 2198, the Small Mutual Inflation Update, which changes Internal Revenue Code Section 831(b)(2) to reflect the inflationary impact since its enactment 26 years ago. There are many small property/casualty insurers organized as mutual companies, originally formed to offer insurance coverage to specific groups, often in rural areas. This expansion will help such small mutual companies offer more coverage to consumers.