Captive Insurance Companies
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The All-Time Bestselling
Captive Insurance Primer 
 Adkisson's Captive Insurance Companies
Available now from:
Amazon and Barnes & Noble 

 

CAPTIVE ISSUES

Benefits

Wealth Transfer

Concepts

Types of Captives

      Rent-A-Captives
      & Segregated

     
Portfolio Companies 

Taxation

     Captives Taxation Overview
          1989 - Humana
          1990 - Gulf Oil
          1992 - Harpers
          1992 - Amerco
          1992 - Sears
          1993 - Ocean Drilling
          1995 - Malone & Hyde
          1997 - Kidde Industries
          2001 - UPS
     State Taxation of Captives
          Dow Chemical

Formation & Licensing

Policies & Risks

     Workers Compensation
     Captives 

Domiciles

 
Stupid Captive Tricks
Captive Scams
 

SITE INFORMATION

Contact Information

Free Newsletter & Updates

About the Captive Book

Warnings & Legal Information

 

ABOUT JAY ADKISSON

Background & Appearances

Asset Protection Book

 

CONTACT INFORMATION

Phone: 949.200.7753

jay [at] risad.com

Serving Clients Nationwide

 
 
 

The Asset Protection Bestseller by Jay Adkisson and Chris Riser
Asset Protection Book

Available from Amazon.com

and Barnes & Noble

 

2008 by Riser Adkisson LLP. All rights reserved. No portion of these materials may be reproduced in whole or in any part without the express written permission of Adkisson Publishing Inc. Legal issues should be faxed to 877-698-0678.

 

Planning & Implementation

 

As described in greater detail in the book:

  • Team
  • Feasibility Study
  • Actuarial Study
  • Application
  • Meeting with Insurance Commissioner
  • Formation and Licensing
  • Capitalization
  • Ancillary Structuring
  • Ongoing Management
EVALUATION  & FORMATION SERVICES
Those interesting in evaluating whether a captive insurance company may be suitable for their circumstances and desire formation services should contact Jay Adkisson at his law office at 949-607-0952 or jay [at] risad.com

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Since its release in late 2006, Jay Adkisson's book on captive insurance companies has become the all-time captive insurance bestseller, providing a basic introduction to captives and related structures and how they are properly utilized within the context of the client's overall business and estate planning.

Available now from:

Amazon and Barnes & Noble

We assist prospective captive owners and their advisors in evaluating, designing, and implementing captive solutions. We also review existing captive structures and suggest ways that they can be used more efficiently. In addition to Mr. Adkisson's firms, we also have relationships with experienced and reputable insurance managers, actuaries, underwriters, and accountants who specialize in captive insurance arrangements.

You may contact Jay Adkisson for a telephone conference or for a speaking engagement by calling his scheduling assistant at 949.200.7753 or by e-mailing him directly to jay [at] risad.com (We serve clients nationwide).

 

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Riser Adkisson LLC

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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!
 
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.
 
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.

 

 

 

LEGACY PAGES

Benefits

Wealth Transfer

Concepts

Types of Captives

Rent-A-Captives & Segregated Portfolio Companies 

Taxation

Formation & Licensing

Policies & Risks

Workers Compensation Captives 

Domiciles

Captives Taxation Overview

Stupid Captive Tricks

501(c)(15) Exemption

831(b) Election

1563 Control Group Rules

IRM 7.25.15.1

RevRul 2001-31

RevRul 2002-89

RevRul 2002-90

RevRul 2002-91

Notice 2003-34

Notice 2003-35

RevRul 2005-40

RevRul 2008-8

1989 - Humana

1990 - Gulf Oil

1992 - Amerco

1992 - Sears, Roebuck

1993 - Ocean Drilling

1995 - Malone & Hyde

1997 - Kidde Industries

2001 - UPS

State Taxation of Captives

Dow Chemical

Arizona

Hawaii

Kentucky

Montana

South Carolina

Utah

Vermont

Bermuda

British Virgin Islands

Cayman Islands

Captive Scams

Contact Information

Free Newsletter & Updates

About the Captive Book

Warnings & Legal Information