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Founded in 1985, Colonial General Insurance Agency, Inc. is a wholesale General Agency providing quality insurance products to the Independent Insurance Agent. Colonial General specializes in standard and non-standard business. We can write Property and Casualty business (Commercial Contract, Personal Lines, Professional Liability), as well as Commercial Auto, Commercial Garage, Preferred an...
ABOUT COBRA
Background
The law we call COBRA, which provides continuation coverage requirements applicable to group health plans, actually was a component of the massive Consolidated Omnibus Budget Reconciliation Act of 1985. COBRA became law when it was signed by President Reagan on April 7, 1986.
On June 15, 1987, the IRS issued Proposed Regulations under COBRA which filled in some of the g...