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 April 24, 2024.
Call 1-866-352-9540 for further credit information.
- AIPB 1.8
- This program is acceptable for 1.8 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.
- Arizona CLE 1.5
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.5
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
- CT CLE 1.5
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
- GA CLE 1.5
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.5 CLE hours.
- HI CLE 1.5
- This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
- MO CLE 1.8
- This course qualifies for self-study CLE credit in Missouri.
- NH MCLE 1.5
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 90 Minutes.
- NJ CLE 1.8
- This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.8 hours of total CLE credit.
- PA CLE 1.5
- This program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
- RI CLE 1.5
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
- VT CLE 1.5
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
- WI CLE 1.5
- This program qualifies for 1.5 hour(s) of ondemand CLE through the WI Board of Bar Examiners.
- WV MCLE 1.8
- This program has been approved by the West Virginia State Bar MCLE Commission for 1.8 MCLE hours.
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.
MP3 Download
- Arizona CLE 1.5
- CA MCLE 1.5
- CT CLE 1.5
- HI CLE 1.5
- NJ CLE 2.0
- NY CLE 2.0 including Areas of Professional Practice 2
- VT CLE 1.5
- WV MCLE 2.0
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Credit
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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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