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Activecaptive newdev15

CAPTIVE INSURANCE TAXATION, INCLUDING NEW DEVELOPMENTS

Cost Free
Presentation Length 1.5 hours

Recorded DateSeptember 30, 2015
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Who Should AttendCPA - small firm
CPA - medium firm
Other
Course Description

Captives were previously the exclusive province of Fortune 1500 companies to provide insurance for risks that were not covered by the commercial market or for risks that were cost prohibitive to insure via the commercial market. In the last two decades, closely held businesses have benefitted as well from captive ownership and the insurance and risk management provided by a captive. This seminar will briefly review what is a Captive Insurance Company, the risks that are typically covered through a captive’s insurance policies, the regulatory and tax fundamentals required for properly establishing and operating a captive, US income taxation of captives, and choice of domicile. We will also include historical developments relative to the risk management use and objectives of captives and an overview of relevant tax authorities that address such concepts as risk transfer and distribution. This overview will include more recent developments, such as the holdings in the Securitas and Rent-a-Center decisions and the impact of those cases to captive taxation. The course will also provide an overview of the process of formation, ownership, and management of Captive Insurance Companies.

Learning Objectives

  • Provide insight on risk management and captive insurance.

  • Discuss the considerations to forming a captive.

  • Determine which of your clients will benefit from a captive insurance company.

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Fred E. Turner, J.D.

Active Captive Management, LLC
Founder
[email protected]

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Frederick E. Turner, Founder. B.A. Economics Long Beach State University, high distinction, Graduate Juris Doctorate, Loyola Law School,1980, cum laude. Member California Bar Association, Central District State of California, Ninth Circuit Federal Court of Appeals, U.S. Supreme Court. Fred also serves as the Vice Chairman of the captive committee of the American Bar Association. Fred entered the field of alternative risk solutions in 1986. Throughout the course of his career, several large insurance companies have retained Fred, including, Hartford Insurance, Cuna Mutual Insurance Company, Fidelity National Title Insurance Company, Chicago Title Insurance Company and American Title Insurance Company.

About Our Presenter

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Competence, Integrity and Innovation, is not simply a slogan but rather the founding principles at Active Captive Management. Since 1997, Active Captive Management has assisted companies like yours design and develop alternative risk transfer solutions in multiple industries. Whether your needs are better suited to a domestic captive or an offshore entity; Active Captive Management’s team can provide a turnkey captive solution. The current insurance market has had a severe impact on conventional insurance and other industries. Many of our clients, while realizing the exposure from risks such as mold, earthquake, construction defect and professional liability have been left with a dilemma: pay outrageous premiums for limited coverage or self-insure. Our firm provides comprehensive services encompassing tax consulting, financial accounting, diverse insurance risk analysis and related coverage protection, policy underwriting and claims processing, as well as captive regulatory compliance management. Active Captive Management’s tax consulting expertise provides valuable resources to access the substantial tax benefits available to captive insurance companies under federal income tax laws, as long as the company is properly structured and managed.