A Massachusetts court has ruled that captive insurance companies are subject to state law that governs insurance companies’ claims settlement practices. Ruling earlier this month in Zenilton O. Lemos vs. Electrolux North America Inc., the Massachusetts Appeals Court reversed in part a state superior court judgment that had said that neither Electrolux nor its Vermont-domiciled captive, Equinox Insurance Co., was subject to the Massachusetts statute, as neither was engaged in the business of insurance.