Beyond tax questions, the domicile of the captive
can be affected by multiple regulatory and operational issues.
A well-run captive
can last as long as your company is in business, and a captive
offers an exceptional vehicle in which to place risks that are too difficult and expensive to cover in the traditional market.
There are risk management, financial, and tax benefits to operating captive
insurance companies, as well as providing autonomy to business and non-profit executives in terms of the construct and financing of insurance programs.
arrangements, clients become stakeholders in their insurance program, allowing them the opportunity to collect underwriting profits.
That amount will be fully tax-deductible to the operating company, and yet the new captive
will pay no taxes on those funds, pursuant to section 831 (b) in the Internal Revenue Code--a potential net benefit of roughly $480,000.
He says the likelihood of needing sperm from CEC elephants is close to zero, given diversity in the wild Asian elephant gene pool and the large number of captive
elephants still in Asia.
Non-traditional insurance solutions include claims-made liability insurance policies, risk purchasing group programs, captive
insurance arrangements, and excess and surplus lines insurance placements.
CWD was first recognized in captive
Mule Deer in Colorado (3) and subsequently described in the free-ranging cervid populations of Colorado and Wyoming (1); prevalence in these disease-endemic areas varies spatially and among the three sympatric cervid species (4).
During times of rising insurance premiums and difficulty in finding insurance coverage at all, insurance buyers, have looked a captive
insurance mechanisms as a possible saving option (see sidebar for an explanation of terms used in this article).
SAVVY BUSINESSES ARE RESPONDING to the huge property and casualty insurance premiums prompted by September 11 by forming their own captive
insurance companies so they not only get reduced premiums but also access to economy-priced reinsurance.
Insurance Commissioner Trinidad Navarro announced today that the International Center for Captive
Insurance Education (ICCIE and pronounced I See) has designated the Delaware Insurance Department Bureau of Captive
and Financial Insurance Products as an ICCIE Trained Organization.
Phil Scott has signed legislation updating the captive
insurance laws in one of the world's largest captive
domiciles, including a provision allowing the inclusion of agency captives
as among the types the state can license.