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OnDemand Course

Captive Insurance Taxation and Accounting Issues

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.

Learning Objectives

  • You will be able to indentify the history of captive insurance companies.
  • You will be able to differntiate the advantages and dissadvantages of a captive.
  • You will be able to recognize the requirements in forming a captive insurance company.
  • You will be able to indentify advantages and disadvanted of domestic versus offshore captives.

Runtime: 100 minutes
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Why Lorman?

Over 33 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

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
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Why Lorman?

Over 33 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 December 19, 2018.

Call 1-866-352-9540 for further credit information.

  • CPE/NASBA - QAS Self Study 2.5 including Taxes 2.5
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.5 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.5 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
     
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Why Lorman?

Over 33 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 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 teaches 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 35 years
  • Recognized by his peers for inclusion in Chambers Global, Chambers USA, 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 33 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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 405392
Published 2018
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