Last edited by Kebei
Sunday, July 26, 2020 | History

5 edition of Adkisson"s Captive Insurance Companies found in the catalog.

Adkisson"s Captive Insurance Companies

An Introduction to Captives, Closely-Held Insurance Companies, and Risk Retention Groups

by Jay D Adkisson

  • 325 Want to read
  • 30 Currently reading

Published by iUniverse, Inc. .
Written in English


The Physical Object
Number of Pages370
ID Numbers
Open LibraryOL7561695M
ISBN 100595422373
ISBN 109780595422371

He indicates that captive owners are beginning to see their captives as core pieces of a broader enterprise risk management program. He says this approach, which he refers to as “performance-based insurance” and highlights in his book, The Cost of Ignorance, provides a way for companies to realize the advantages of captive ownership. Also, captive insurance companies are tax efficient vehicles which further increase the agency’s bottom line. The point of creating a business is to make money and captives unlock a tremendous stream of tax-favorable revenue which can transform an agency into a stronger player in the market.

A captive insurance company is an insurance company created and owned by one or more non-insurance companies, and typically is established to satisfy the risk-management needs of the owners. It is used as a form of self-insurance, and may cover a wide range of risks. A captive also may offer insurance cost savings and tax benefits. Over the years, a number of alternatives to traditional commercial insurance have emerged to respond to fluctuations in the marketplace. Captives—a special type of insurer set up by a company to insure its own risks—first emerged in the s. With licensed captives, Vermont was the largest U.S. captive domicile in , based on data in an annual survey of the world's largest captive.

Insurance. Underwriting. Claims. Accountancy. Company Secretarial. Corporate Governance. These core functions are carried out in the domicile in order to comply with the requirements of the Regulator, and demonstrate that the captive has a true domicile base and identity. How Captive Insurance Works Understand the Process of Forming a Captive Insurance Company. As a well-established corporation or small business on the rise, having insurance can be the difference between being protected in times of loss, or more importantly, saving and even making e insurance is a business insurance alternative giving you the savings you’re looking for while also.


Share this book
You might also like
The satellite cells of the sensory ganglia

The satellite cells of the sensory ganglia

Burrowing owl population trends on the Kininvie Blocks from 1993-2007, and ancillary data for additional species at risk in 2007

Burrowing owl population trends on the Kininvie Blocks from 1993-2007, and ancillary data for additional species at risk in 2007

[Soviet art].

[Soviet art].

Sham Prince =

Sham Prince =

Encyclopaedia of workshop practice

Encyclopaedia of workshop practice

Tall Tales (Thinking Skills Through)

Tall Tales (Thinking Skills Through)

Scotland for beginners

Scotland for beginners

Faith work and worship

Faith work and worship

The dictionary of minerals

The dictionary of minerals

Mrs. Lincolns dressmaker

Mrs. Lincolns dressmaker

An assessment of weld heterogenetics in PMMA using birefringence

An assessment of weld heterogenetics in PMMA using birefringence

Worldwide parts and service directory

Worldwide parts and service directory

Primitive religion.

Primitive religion.

Increasing minority faculty

Increasing minority faculty

The moonstone and The woman in white

The moonstone and The woman in white

I Tell My Heart

I Tell My Heart

Adkisson"s Captive Insurance Companies by Jay D Adkisson Download PDF EPUB FB2

Jay Adkisson's book on captive insurance companies is a good starting point for anyone who wants an overview of an often overlooked or misunderstood subject.

The book is a little heavy on statutes and some case law, but otherwise gives an excellent introduction to the benefits and risks of establishing and maintaining these structures.3/5(9). Adkisson's Captive Insurance Companies provides a basic introduction to captives and their benefits, including: utilize your own experience ratings; recapture underwriting profits; Adkissons Captive Insurance Companies book exposed risks and deductibles; access the reinsurance markets; and transfer wealth between generations.

This book also provides a unique look at the Brand: iUniverse, Incorporated. This book can be found in: Business, Finance & Law > Finance > Insurance & actuarial studies zoom Adkisson's Captive Insurance Companies: An Introduction to Captives, Closely-Held Insurance Companies, and Risk Retention Groups (Paperback)Pages: Despite its size, this book by Adkisson is really a pamplet devoted to the very basics of captive insurance companies.

About 3/4 of the book is filled with appendixes related to key court cases related to IRS taxation, which unfortunately are not adequately discussed by the author in the text.3/5.

Adkisson's Captive Insurance Companies by Jay D Adkisson,available at Book Depository with free delivery worldwide/5(6). A captive is much more than an exotic form of self-insurance: It is the creation of a new insurance company that has the potential to grow from being a mere captive into a full-blown insurance company seeking to profit from underwriting the risks of others.

"Adkisson's Captive Insurance Companies" provides a basic introduction to captives and. READ book Adkissons Captive Insurance Companies An Introduction to Captives CloselyHeld Insurance Online Free.

Argasunqorchi. DOWNLOAD FREE Ebooks Adkissons Captive Insurance Companies An Introduction to Captives CloselyHeld Insurance Full EBook.

alexisking Group Captives are captive insurance companies that are formed by a group of companies in the same or similar business sectors to provide particular types of insurance to all the companies in the same group, which insurance may be otherwise difficult or cost-prohibitive to acquire on the commercial insurance markets.

Examples of this may be. So do I, mostly (but not all) so-called (b) captive insurance companies, i.e., captives that have made an election to be taxed as a small insurance company under IRS Code Section (b).

While the vast majority of (b) captives are quite legitimate, there is still probably much more abuse going on with these companies than with non(b. The first active captive insurance company in the United States was started in Ohio by Fred Reiss, who in founded Steel Insurance Company of America for Youngstown Sheet & Tube Company in Ohio.

Reiss drew the term “captive” from the steel company’s captive mines, which were sending ore back to the company’s mills. The number of captive insurance companies continues to rise. Inthere are roughly 6, captives globally, up from 5, in About 90% of the Fortune companies1 own one or more captive insurance companies and many captives house more than one company with the development of cell captives.

Cell companies are a captive program. A captive insurance company must pass one of two tests to satisfy the legislation’s diversification requirement: The first test is that no more than 20% of net written premiums may be attributable to any one insured.

This alters and clarifies the minimum 5% and maximum 15% requirement of Revenue Rulingmaking it more reliable. A captive is an insurance or reinsurance company set up exclusively to insure or reinsure the risks of the group to which it belongs. A captive insurer may operate as a direct insurer or a reinsurer.

What Is a Direct Writing Captive. A direct writing insurer issues insurance policies to. A captive insurance company operates in a similar way to a traditional property and casualty insurance company.

A captive issues policies, processes claims, follows all applicable regulations, files a property and casualty insurance company income tax return, and has profits, if profitable, available to the insurance company owners.

A captive insurance company is a wholly-owned subsidiary company that provides risk-mitigation services for its parent company or a group of related companies. A captive insurance company may form. The concept behind the book was simple: I wanted to provide business owners with a clear picture of why their own captive insurance company could improve their overall risk.

organizations is the captive insurance company. The primary role of a captive is to insure the parent company, who usually owns or is a sister company to the captive vehicle, for all or a proportion of its insurable risks.

In practice, however, a captive creates much greater value. The captive. IRMI's affiliate,is a leading source of information about commentary discusses the role of reinsurance in a captive arrangement.

Why Use a Captive. will give you chapter and verse on the reasons for and uses of captives. For our purposes, captives are used by commercial buyers of insurance for some or all of the following reasons: to reduce the cost of.

Captive insurance is an alternative to self-insurance in which a parent group or groups create a licensed insurance company to provide coverage for itself. The main purpose of doing so is to avoid using traditional commercial insurance companies, which have volatile pricing and may not meet the specific needs of the company.

A Broker-Captive is a captive insurance company which is set-up by an insurance intermediary or MGA to: Gain greater control over the whole of the insurance process: Retain an equitable share of the underwriting profit generated by its book of business: Create its own independent, dedicated source of underwriting capacity, thereby providing.

Captive insurance companies are financial vehicles that create economic efficiencies through the formalization of self-insurance within an affiliated group. This in-depth, state-of-the-art guide traces the development of small captive insurance and addresses how to set up and properly manage a captive.

THE CAPTIVE INSURANCE COMPANY’S GUIDE 12 GLOBAL ENERGY COMPANY A leading U.S.-based global energy company, a major player in all aspects of oil and gas as well as geothermal energy, was involved in multiple joint ventures across the globe with an international team managing insurance for global programs and ad-hoc projects.

On Jthe IRS sent out a second wave of so-called "Soft Warning Letters" to the owners certain risk-pooled captive insurance companies that qualify under Tax Code § .