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

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.

Product details

• Authors: Jay D. Adkisson
• Publisher: iUniverse
• Languages: English
• Product format: Paperback / Softback
• Released: 14.12.2006
• EAN: 9780595422371
• ISBN: 978-0-595-42237-1
• No. of pages: 372
• Dimensions: 152 mm x 229 mm x 22 mm
• Weight: 603 g
• Subject: Social sciences, law, business > Business > Miscellaneous