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Sponsored by Lorman Education
Product ID: 409067EAU
Credit & Course Provided by:

Captive Insurance Taxation and Accounting Issues

OnDemand Webinar (98 minutes)

Gain a better understanding of key tax issues associated with the formation of captive insurance companies.There are currently over three thousand United States domiciled captive insurance companies, which provide a broad range of direct insurance coverage and reinsurance coverage to a wide variety of United States based businesses including Fortune 500 publicly traded companies, trade association sponsored captives and privately owned businesses. This is in addition to many offshore captives insuring United States based risks. Why? Because captive insurance companies are a cost-effective alternative to purchasing commercial insurance in a variety of circumstances. This topic explores the captive insurance concept, the circumstances under which a captive is an excellent alternative to commercial insurance, the fundamentals of a successful captive insurance program and the 'A to Z' captive formation process.


Robert W. Stocker II, Robert Stocker PLLC


Why Are Captive Insurance Companies a Cost-Effective Alternative to Traditional Insurance and Self-Insurance?

• Flexibility of Entity Form and Capitalization

• Taxation and Deductibility/IRS Requirements

• Substantive Regulatory Flexibility

• Flexibility in Types of Coverages in a Post-COVID-19 World

Captive Domiciles

• Domestic vs. Offshore/Advantages and Disadvantages

• Tax Impact of Domicile Selection

• Jurisdictional Captive Structure Requirements

The Requirements for a Successful Captive

• Loss Experience, Loss Control and Long-Term Commitment

• The Role of Reinsurance and Front Carriers in Captive Insurance Programs

• Competent Management and Service Providers

Current IRS Developments

• Section 831(B) Small Premium Captives Update

• Other Recent Captive Developments