Jay Adkisson has been an expert witness and is available for consultation as an expert regarding captive insurance company matters.
Jay has been involved with captive insurance companies since 1998, when he became a founder of one of the first captive insurance consulting firms, and a co-owner of a captive insurance management firm in the British Virgin Islands from 2000 to 2003. Even prior to 1998, Jay acted as U.S. counsel to a reinsurance firm domiciled in Ireland.
Jay is a founding partner of Riser Adkisson LLP, with his offices in Newport Beach, California, and Henderson, Nevada. His practice has included forming new captive insurance companies, resolving administrative issues involving captives, and litigating disputes involving captives.
Jay earned his Juris Doctor degree, with honors, from the University of Oklahoma in 1988, and was a member of the Oklahoma Law Review. He has been admitted to practice before the Supreme Court of Oklahoma (1989), Texas (1993), California (2007), Nevada (2012), Arizona (2012), the U.S. Supreme Court, the U.S. Court of Appeals for the 5th, 9th, 10th, and 11th Circuits, and numerous federal district courts nationwide.
Jay is a member of the American Bar Association and is active in leadership in the Business Law and Real Property, Trusts and Estate (RPTE) sections, including: Chair, 2015 to 2016, and Vice-Chair, 2012 to 2015, Committee on Financial Services and Insurance in the Real Property, Trusts & Estates Section; Past Chair, 2011 to 2014, Committee on Captive Insurance Companies in the Business Law Section; American Bar Association Adviser, 2012-14, Uniform Laws Commission Committee on the Uniform Voidable Transactions Act (formerly the Uniform Fraudulent Transfers Act); and American Bar Association Adviser, 2014-2017, Uniform Laws Commission Committee on the Uniform Limited Liability Company Protected Series Act.
He is also a contributor to Forbes magazine, and has twice been an expert witness to the U.S. Senate Finance Committee.
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Articles On Captives
An archive of articles by Jay Adkisson on captive insurance companies. Click here for more
Discusses the unique characteristics and problems of captive insurance companies that qualify for the IRC section 831(b) election. Click here for more
An overview of captive taxation, including the IRS's abandonment of its "Economic Family Theory". Click here for more
Tax: Protected Cell Companies
Considers the unique tax issues that involve protected cell companies (a/k/a SBUs). Click here for more
Tax: Risk Distribution: Multiple Insureds
Considers the IRS safe harbor for multiple insureds and risk distribution through many "points of insurance" generally. Click here for more
Tax: Risk Distribution: Unrelated Insurance
Describes the IRS "50% unrelated third-party insurance" safe harbor and related issues. Click here for more
Tax: Risk Distribution: Risk Pools
Introduces the concept of risk pools which are sometimes used by captive managers to assist their clients in obtaining 50% third-party insurance, and which are currently under heavy scrutiny by the IRS. Click here for more
Tax: Risk Shifting
Considers the tax law requirement that an insurance arrangement have a true shifting of risk between the insured and the insurer. Click here for more
Jay Adkisson has been an expert witness and is available for consultation as an expert regarding captive insurance company matters. Click here for more
Jay Adkisson has been involved with the formation of well over 100 captive insurance companies since 1998, and now assist prospective captive owners in evaluating their suitability for a captive, and in forming the captive and obtaining its insurance license. Click here for more
Jay Adkisson is regularly involved with the remediation of defective captive arrangements, and with consulting and second-opinion reviews of existing captives. Click here for more
Jay Adkisson frequently serves as counsel in disputes involving insurance companies. Click here for more
Adkisson's Captive Insurance Companies (2006) available at Amazon.com
Contact Jay at by e-mail to jay [at] risad.com or to 702-953-9617
(c) 2016 Jay D. Adkisson. All rights reserved.