|
AND NEWS
|
GENERAL DISCUSSION AND
NEWS
Discussion of news and general issues relating to
captive insurance companies and alternative risk
transfer and management issues. Most new posts will
go here unless clearly bound for another category. |
Calendar of Upcoming
Events
A listing of upcoming events involving captive
insurance companies and alternative risk management,
including association meetings, educational forums,
etc. Please send us your meeting information to add
to our list! |
| |
|
LICENSING ISSUES
|
Formation and
Licensing
Discussion of issues relating to the insurance
license application, the issuance of the license,
capitalization, etc. |
Cell Captives and
Rent-A-Captives
Discussion of segregated cell captives and similar
arrangements that are primarily designed for
businesses that are too small to economically
justify a captive. |
Group Captives and
Association Captives
Discussion of large group captives and captives
serving associations. |
Risk Retention Groups
Discussion of insurance companies formed under the
Federal Liability Risk Retention Act of 1986. |
| |
|
ARRANGEMENTS
|
Risks and Policies
Discussion of the insurance risks for businesses and
the policies that can be developed to cover those
risks |
Workers Compensation
Discussion of workers compensation insurance,
including fronting arrangements and reinsurance. |
Healthcare and
Benefits
Discussion of moving employee healthcare insurance
and other employee benefits into a captive or
similar arrangement. |
Medical Malpractice
Discussion of the use of captive and other
alternative risk transfer strategies for medical
malpractice liability. Includes discussion of tax
scams sold to physicians involving medical
malpractice premiums paid to offshore insurance
companies. |
| |
|
TAX ISSUES |
Tax Issues Generally
Discussion of tax issues relating to captives and
other alternative risk transfer and management
issues other than those listed in one of the forums
below. |
Federal Risk Shifting
and Insurance Contracts
Discussion of the federal tax law requirements for
"insurance" as they relate to the shifting of risks
and what constitutes a valid insurance contract as
opposed to an economic hedge. |
Federal Risk
Distribution
Discussion of the federal tax law requirements of
risk distribution, including what does and does not
qualify for the 12+ affiliate safe harbor, and
attribution issues. |
Federal Excise Taxes
on Insurance
Discussion of the federal excise taxes on insurance
premiums paid, including premiums paid to offshore
captive insurance companies |
831(b) Election
Discussion of the 831(b) election for insurance
companies whose annual net premium income does not
exceed $1.2 million per year. |
501(c)(15) Exempt
Insurance Companies
Discussion of insurance companies qualifying for
exempt treatment under IRC section 501(c)(15) for
gross receipts not exceeding $600,000 per year of
which at least half those receipts are premium
income. |
State Income Tax and
Independently Procured Tax Issues
Discussion of state income tax issues for
alternative risk management transactions and
captives, including whether out-of-state captives
are subject to state income tax and whether a state
may assess a premium tax or independently procured
tax to premiums paid to captives. |
| |
|
UTILIZATION OF THE
CAPTIVE'S ASSETS |
Captive Investments
Discussion of appropriate vs. inappropriate
investments for captive insurance companies,
permitted asset rules, and regulatory preferences. |
Loanbacks
Discussion of the practice of having the captive
loan money back to an insured or the parent company
and the effect of loanbacks on the tax treatment of
the captive arrangement. |
| |
|
DOMICILES - STATES |
|
Arizona |
|
Hawaii |
|
Kentucky |
|
Montana |
|
Nevada |
|
South Carolina |
|
Utah |
|
Vermont |
|
Other States Not
Listed |
| |
|
DOMICILES - OFFSHORE |
|
Bermuda |
|
British Virgin
Islands |
|
Cayman Islands |
|
Other Offshore
Domiciles Not Listed |
| |
|
CAPTIVE SERVICE
PROVIDERS |
Accountants and
Auditors
Listing of accountants and auditors who provide
bookkeeping services and/or have been admitted by an
insurance commissioner to perform audits of captive
insurance companies. |
Attorneys
Listing of attorneys and law firms that provide
services to captive insurance companies and similar
alternative risk transfer arrangements. |
Actuaries
Listing of actuaries who provide actuarial services
to captive insurance companies. |
Managers
Listing of captive insurance managers who have been
admitted in one or more jurisdictions to
administrate captives. |
Other Service
Providers and Consultants
Listing of service providers to captives not
otherwise listed above and consultants to captive
insurance companies and alternative risk transfer
structures. |
