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

by Jay Adkisson

Download Adkisson's Captive Insurance Companies: An Introduction to Captives, Closely-Held Insurance Companies, and Risk Retention Groups eBook
ISBN:
0595422373
Author:
Jay Adkisson
Category:
Insurance
Language:
English
Publisher:
iUniverse, Inc. (December 17, 2006)
Pages:
370 pages
EPUB book:
1152 kb
FB2 book:
1872 kb
DJVU:
1160 kb
Other formats
lrf mobi rtf lit
Rating:
4.4
Votes:
538


A captive insurance company is, in a nutshell, an insurance company formed by a business owner to. .Jay Adkisson is an attorney experienced with the structuring and formation of captive insurance companies. He has twice been an expert witness to the .

Jay Adkisson is an attorney experienced with the structuring and formation of captive insurance companies. Senate Finance Committee, and is a co-author of ?Asset Protection: Concepts and Strategies?.

Adkisson's Captive Insurance Companies book. Goodreads helps you keep track of books you want to read. Start by marking Adkisson's Captive Insurance Companies: An Introduction to Captives, Closely-Held Insurance Companies, and Risk Retention Groups as Want to Read: Want to Read savin. ant to Read.

To say that captives have fundamentally changed the insurance marketplace would be an understatement. If a risk is too great for their own insurance company to take on, the captive lays off the risk by purchasing reinsurance directly from one of the large reinsurance companies.

Captive insurance is an alternative to self-insurance in which a parent group or groups create a licensed insurance company to provide coverage for itself

Captive insurance is an alternative to self-insurance in which a parent group or groups create a licensed insurance company to provide coverage for itself. The main purpose of doing so is to avoid using traditional commercial insurance companies, which have volatile pricing and may not meet the specific needs of the company.

An Introduction to Captives, Closely-Held Insurance Companies, and Risk . About the Book Jay Adkisson is an attorney experienced with the structuring and formation of captive insurance companies.

An Introduction to Captives, Closely-Held Insurance Companies, and Risk Retention Groups.

Captives also allow firms to retain risk and still satisfy insurance .

Captives also allow firms to retain risk and still satisfy insurance regulatory requirements and demands from third parties. For some lines of business a captive can operate without restriction. In other cases, such as workers' compensation in the . for example, a captive often must go through a fronting process. Book: Adkisson's Captive Insurance Companies: An Introduction to Captives, Closely-Held Insurance Companies and Risk Retention Groups].

Like any insurance company, captives tend to accumulate a considerable amount of assets in reserves and surplus. Indeed, captive insurance must rank as one of the best business asset protection strategies ever created. While there may be significant tax ramifications to "cashing out the captive" to meet some emergency not covered by a policy, at least the business owner has the option of so doing, and can weigh the cost/benefit analysis at the time.

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

A captive insurance company can also insure a group of diverse companies; this is called a heterogeneous captive. Captives are licensed by many jurisdictions. Adkisson, Jay . Adkisson's Captive Insurance Companies: An Introduction to Captives, Closely Held Insurance Companies, and Risk Retention Groups. iUniverse, In. 2006. ISBN 0-595-42237-3; ISBN 978-0-595-42237-1. Duffy, Catherine R. Held Captive. A History of International Insurance in Bermuda.

2006), Captive insurance companies: An introduction to captives, closelyheld insurance companies, and risk retention groups, iUniverse, Lincoln. Captive insurance companies: a growing alternative method of risk financing.

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.
  • Charyoll
If you are looking for a way to learn the basics about captive this book is a god place to start. However, the only way to really learn it is working with an experienced person and go through the whole process hand in hand. However this book can teach you enough to get an appointment that will provide you the ability to bring in someone to help the client so you can learn along the way, while serving their best interests.
  • Tenius
Despite its size, this book by Adkisson is really a pamplet devoted to the very basics of captive insurance companies. About 3/4 of the book is filled with appendixes related to key court cases related to IRS taxation, which unfortunately are not adequately discussed by the author in the text. One positive is the long list of policies the captive can write to cover innumerable business liabilities. The author's opinion is strung throught the book without successful examples of innovative risk retention solutions, and in summary anyone interested in captive formation should basically contact the author directly to get "expert help" since so few people really know how to do it. Actually, P.A. Baucutt's book and the recent one by Westover are a better combination of old and new to get your feet on the ground.
  • Mr_NiCkNaMe
If you ar trying to educate yourelf on capitive insurance companies the first 80 pages of this book do a decent job of providing a primer on the workings and definitions of tis entity form. The remaining ~200 pagew is in the form of appendicies that may or may not have any relevance to your specific need.
  • Wizer
This is an excellent book from the perspective of clients and advisors who are planning to form a captive insurance company to understand how it fits into their overall structure. This is a book for attorneys, accountants, and financial planners -- as well as prospective captive clients -- who have not heretofore been introduced to the topic of captive insurance. This book gives a wonderful explanation of what a captive is, what is required for the captive application, how a captive operates, the basic IRS rules and regulations, and how a captive fits into the overall corporate or family organizational chart.

This book makes no pretense of being for insurance brokers and agents who are looking for insight into the minutae of the commercial insurance business, such as where to look for quotes on workers compensation fronting, finding reinsurance, how retention agreements should be drafted, etc. But since most insurance brokers and agents dislike captives because they cut into their commissions, they will probably not be recommending captives to their clients anyway. One of the biggest benefits of a captive is to eliminate the costs of the broker's or agent's commissions and put those to work for the captive owner, so the hostility of brokers and agents to the concept of a captive and their spreading of patently false misinformation about captives should not be surprising.
  • Love Me
As an advisor, I've had clients repeatedly ask me about captive insurance companies but I didn't know much more about them and simply referred them to people like Jay who dealt with them. They always seemed like a "black box" planning technique where the secrets of how they worked were hidden from the unitiated. With this book, Jay opens that box and gives a great explanation of what captive insurance companies are, how they work, what it takes to get them licensed, how they are taxed, what policies they can issue, where they can be formed, and a bunch of other stuff that helps advisors like me understand the basic concept. I think this would be a great book to give as a gift to clients who were interested in captives as it explains their benefits -- and limitations -- quite clearly.
  • Perdana
Jay Adkisson's book on captive insurance companies is a good starting point for anyone who wants an overview of an often overlooked or misunderstood subject. The book is a little heavy on statutes and some case law, but otherwise gives an excellent introduction to the benefits and risks of establishing and maintaining these structures.
  • Qusserel
I'm in the process of determining whether a captive makes sense for my company. Mr. Adkisson's guide is very imformative. He is a little weak in his pure insurance knowledge but the concepts are more creative and thorough than others I have researched.
Book is 80 pages of boilerplate information that is available on net plus 200 pages of regulatory and tax code also available on net. Not worth it!