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.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
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
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on September 22, 2021.
Call 1-866-352-9540 for further credit information.
- AIPB 1.5
- This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
- AR CLE 1.5
- This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
- CA MCLE 1.5
- Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
- NY CLE 2.0 including Areas of Professional Practice 2
- This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 2.0 credit hours in the area(s) of Areas of Professional Practice for 2.00 hours. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Business Center, LLC. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Robert W. Stocker II
Robert Stocker PLLC
- Managing member of Robert Stocker PLLC
- Has an international practice in the areas of alternative insurance (captives and self-insurance plans), business, regulatory, and gaming law
- An adjunct professor at the Thomas Cooley Law School, where he taught an LLM course in alternative insurance structures, as well as courses in business law and gaming law, and is the recipient of the Frederick J. Griffith III Adjunct Faculty Award for excellence in teaching
- Has been active in the formation and representation of captive insurance companies for more than 40 years
- Recognized by his peers for inclusion in Best Lawyers in America and Michigan Super lawyers
- Fellow of the American Bar Association
- Spoken on numerous business and regulatory issues at a variety of national and international conferences and educational programs
- Can be contacted at 517-881-7687 or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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