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

by Jay D Adkisson

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 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, 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.

370 pages, Paperback

First published December 17, 2006

Reviews

[Brad Doran · Rating 4 out of 5]

Very glad I found this book, a lot of great background and tidbits that can be found here regarding captives. If you like details, this book has them! Rev rulings and case examples are provided. I do wish there was more analysis, but what is provided gives a nice launchpad for further research on specific issues. There are more concise guides available, but I loved the detail this book provided and would recommend it for someone wanting some next level insight.