Modern Captive Insurance: A Legal Guide to Formation, Operation, and Exit Strategies

    Modern Captive Insurance: A Legal Guide to Formation, Operation, and Exit Strategies

    Modern Captive Insurance: A Legal Guide to Formation, Operation, and Exit Strategies

    By Matthew Queen and Light Townsend

    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. Topics range from taxation to underwriting and policy drafting to addressing questions of validity in structuring the pooling arrangement, and more. See Table of Contents under "Read More."

    Modern Captive Insurance: A Legal Guide to Formation, Operation, and Exit Strategies

    Modern Captive Insurance: A Legal Guide to Formation, Operation, and Exit Strategies

    Modern Captive Insurance: A Legal Guide to Formation, Operation, and Exit Strategies

    By Matthew Queen and Light Townsend

    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. Topics range from taxation to underwriting and policy drafting to addressing questions of validity in structuring the pooling arrangement, and more. See Table of Contents under "Read More."

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    Insurance is a sophisticated financial vehicle that can be best understood through the lens of risk management. Experiencing dramatic growth, captive insurance is owned and controlled by its insureds, pooling the risks of its owners. Captive insurance provides businesses with unmatched flexibility regarding coverage, claims, premium, and control, while also offering advantages such as lucrative dividends and innovative financing techniques.

    This state-of-the-art guide traces the development of small captive insurance and addresses how to set up and properly manage a captive. Modern Captive Insurance: A Legal Guide to Formation, Operation, and Exit Strategies, begins with an overview of what captive insurance is and detail the advantages in setting up a captive for a range of different business situations. Chapters explain how to incorporate and start up a new captive insurance program, including basic terminology and the roles different professionals play in running captive programs.

    Captive insurance is an intricate yet effective risk management strategy. For guidance in properly establishing a captive, the authors address critical issues evaluated by the IRS, such as risk shifting and distribution, and explore ethical considerations arising out of off-shore captive management, such as how to identify money laundering red flags and how to properly manage the investments of reserves.

    Modern Captive Insurance takes an in-depth look at the topics and issues that are common in insurance and in businesses, but are often handled differently for captives, such as:

    • Financial statements, investments, and financial ratings
    • Policy drafting and coverage
    • Risk pools and structuring the pooling arrangement to be valid
    • Federal, state and local taxation
    • Tax-exempt organizations
    • Risk retention groups (RRP)
    • Reinsurance, and more
    Table of Contents
    Chapter 1: Captive Company Formation
    Chapter 2: Captives and Capitalists
    Chapter 3: Risk Pools
    Chapter 4: Financial Statements, Investments, and Financial Ratings
    Chapter 5: Policy Drafting and Coverage
    Chapter 6: Underwriting and Claims Reserving
    Chapter 7: Federal Income Tax and Captives
    Chapter 8: State and Local Captive Insurance Issues
    Chapter 9: Tax-Exempt Organizations and Captive Insurance
    Chapter 10: Risk Retention Groups and How They Work
    Chapter 11: Reinsurance
    Chapter 12: Workers' Compensation and the Grand Bargain
    Chapter 13: Employee Benefits
    Conclusion
    Table of Cases and Index

    Product Details

    Publishers

    ABA Book Publishing

    ISBN

    9781641053679

    Page Count

    304

    Product Code

    5190553

    Trim Size

    6 x 9 Paperback

    Publication Date

    4/25/2019 12:00:00 AM

    Publishers

    ABA Book Publishing

    ISBN

    9781641053686

    Page Count

    304

    Product Code

    5190553EBK

    Trim Size

    6 x 9

    Publication Date

    4/25/2019 12:00:00 AM

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