Description
iUniverse Adkisson 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 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.