Adkisson's Captive Insurance Companies PDF download by Jay D Adkisson

Adkisson's Captive Insurance Companies

iUniverse, Inc.
Publication date: December 2006
ISBN: 9780595865741
Digital Book format: PDF (DRM-Free)
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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.
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An excellent resource for the uninitiated. It clearly explains the subject of captive insurance companies, lifting the veil on what seems like a most ungraspable topic. It doesn't in any way replace the need to get expert advice, but it will enable a client to at least get the gist beforehand.
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