Last year, Congress amended the 831(b) statute with the intention of preventing practitioners from folding captives into an estate plan. The rules are poorly written. We’ve written a downloadable explanation, which you can access here.
Recently, Delaware issued Captive Insurance Bulletin Number 6, which explains the jurisdictions method of complying with new federal regulations for 831(b) captives. You can download the report here.
This post originally appeared on the Pinnacle Actuaries’ blog. Aaron Hillebrandt, FCAS, MAAA, CPCU, FFSI, FLMI, LPCS, AINS, is a Consulting Actuary with Pinnacle Actuarial Resources, Inc. in the Bloomington, Illinois office. He holds a Bachelor’s Degree in Mathematics from Illinois State University, where he is now involved as a mathematics lecturer. Aaron is an […]
David B. Liptz CPA, ACI has over 25 years’ experience working with captive insurance companies. Mr. Liptz regularly speaks, consults and discusses captive insurance tax and audit issues with captive owners and others that work within the captive insurance industry. Mr. Liptz also represents taxpayers before the IRS and other regulatory bodies. Mr. Liptz was […]
Contract drafting is an art. Ken Adams, author of “A Manual of Style for Contract Drafting,” publishes an excellent blog on this very important yet difficult to master topic. He recently wrote an article for the Michigan Bar Journal titled, “Know Your Enemy: Sources of Uncertain Meaning in Contracts.” It’s a mere 6-pages that contains […]
1.) Jay Adkisson wrote an excellent article for Forbes Magazine titled, “Not All Captive Insurance Risk Pools are Created Equally.” It provides an excellent primer on risk pool basics. 2.) Carl Martin wrote and great introduction about captives for Businessinsavannah.com. It’s titled Captive Insurance May Benefit Family Business. It’s available at this link. 3.) FERMA recently […]
Jeffrey K. Simpson is a Director at the Wilmington law firm of Gordon, Fournaris & Mammarella. He is a graduate of Brown University and Villanova University School of Law. Jeff is admitted to practice law in Delaware and Nevada. Jeff’s practice focuses on the formation, regulation and governance of captive insurance companies. He is a […]
Risk Shifting and Risk Distribution Risk shifting and risk distribution, were both stated as requirements by the Supreme Court in Helvering v. LeGierse. Risk shifting is a straightforward concept: the insured must transfer some or all of the financial burden of loss to the insurer. This element is accomplished via contract and is rarely […]
Last week, Demotech released their second quarter review of RRGs — the most comprehensive RRG listing available. The report contains company information, individual financial results, and company profiles. If you’re looking for an RRG for a certain coverage or are interested in the industry as a whole, this report is a great place to start. […]
We (Hale Stewart and Beckett Cantley) started writing for Captive Global about 2 years ago and were always impressed with the magazine’s quality. Christine did a wonderful job of not only getting great talent to write articles but to also address numerous important topics for the industry. So when she asked if we’d like to buy […]