Adkisson's Captive Insurance Companies: An Introduction to Captives, Closely-Held Insurance Companies, and Risk Retention Groups

Adkisson, Jay D.

ISBN 10: 0595422373 / ISBN 13: 9780595422371

Published by iUniverse 2006-12, 2006

About this Item

Seller Inventory # 6666-IUK-9780595422371

Bibliographic Details

• Title: Adkisson's Captive Insurance Companies: An Introduction to Captives, Closely-Held Insurance Companies, and Risk Retention Groups
• Publisher: iUniverse 2006-12
• Publication Date: 2006
• Language: English
• ISBN 10: 0595422373
• ISBN 13: 9780595422371
• Binding: PF
• Condition: New

About this title

Synopsis

A captive insurance company is, in a nutshell, an insurance company formed by a business owner to insure the risks of the operating business. The operating business pays premiums to the captive, and the captive insures the risks of the operating business. A captive is much more than an exotic form of self-insurance: It is the creation of a new insurance company that has the potential to grow from being a mere captive into a full-blown insurance company seeking to profit from underwriting the risks of others.Adkisson's Captive Insurance Companies provides a basic introduction to captives and their benefits, including: utilize your own experience ratings; recapture underwriting profits; underwrite exposed risks and deductibles; access the reinsurance markets; and transfer wealth between generations. This book also provides a unique look at the wealth transfer, accumulation and preservation advantages of captives, as well as an overview of the types of captives, taxation of captives, and captive domiciles.

About the Author

Jay Adkisson is an attorney experienced with the structuring and formation of captive insurance companies. He has twice been an expert witness to the U.S. Senate Finance Committee, and is a co-author of “Asset Protection: Concepts and Strategies”.