Nancy Gerrie and Tom Jones were quoted in CFO Magazine on May 6 regarding the escalating costs of benefits and the use of captives to reinsure benefits. The big lure of using a captive to underwrite employee benefit risk is a decrease in taxes. Mr. Jones explained that for a company to qualify for a federal tax deduction on the premiums it pays to its captives, however, the captives must do as much as 50% of their business in risks unrelated to the parent company. Ms. Gerrie commented on the Department of Labor's (DOL) decision to fast-track procedures allowing employers to reinsure benefits through captives. "Usually it takes more than a year for the DOL to rule on an individual exemption," Ms. Gerrie commented, but that timeframe should be substantially reduced under the fast-track procedures.