( June 25, 2025, 8:15 AM EDT) -- HOUSTON — A plastics manufacturer, a captive insurer and a microcaptive manager filed a complaint in a federal court in Texas challenging under the Administrative Procedure Act (APA) an Internal Revenue Service final rule that mandates new reporting requirements on small captive insurers, seeking to have the regulation set aside as unlawful, arbitrary and capricious and an overreach of statutory authority....