Own Your Own Insurance Company

Captive Insurance Planning Seminar for the Closely-Held Business

Sponsored by the Institute for Captive Insurance Planning

Historically, businesses have managed exposures to risk by purchasing a conventional insurance policy that transfers the risk to the insurer, or by retaining the risk and allocating funds to pay the eventual losses. While these methods of risk transfer and funding are still important, many businesses are including the benefits of alternative risk funding techniques, such as captive planning, in the overall risk management process.

Among the reasons for doing so are the practical difficulties in collecting from the insurer when the loss occurs, the extensive use by insurers of exclusions and limitations on coverage buried in the policy, and the implied threat of non-renewal when a loss is reported. In addition, closely held business are creating captives to achieve tax advantaged wealth building and wealth transfer goals.

This conference will provide you and your company with the tax, legal and regulatory information on structuring, implementing and operating your own captive insurance program.

Various expert panelists will address the major tax and non-tax advantages of captive planning, including lowering insurance costs, enhancing control over cash flows and investments, improving risk management and loss control, and realizing tax efficient asset protection and wealth transfer. The parameters of developing a well structured captive insurance program will be addressed. Finally, situations where the profits of the insurance vehicle can be invested, loaned back to the operating company and/or distributed to the captive ownership with favorable tax treatment will be explained.

Among the topics covered in this seminar are the following.

  1. Business Reasons for Forming a Captive Insurance Company
  2. A Review of IRS Provisions for Captives
  3. Identification of Insurable Risks Via Feasibility Study
  4. Captive Domiciles Comparison
  5. Meeting the Risk Distribution Test Through Third Party Risk
  6. Investments of A Captive
  7. The Utilization of Life Insurance with a Captive
  8. Distribution of Captive Profits
  9. Liquidation
  10. Discussion of IRS Audit Experience and IRS Determination Letters

Panel experts to include:

  • Stewart Feldman, CEO, Capstone Associated Services, Ltd.
  • Steve Kinion, Delaware Department of Insurance
  • Steve Friedman, McNeil-Friedman Ltd., Houston, TX
  • Tom Marian, COO, Marine Casualty Corporation/Buffalo Marine Services, Houston, TX

Education Credits: Application will be submitted for Continuing Education Credit

Contact us to schedule a seminar.