Captive Insurance Companies: Risk Management Entity for Businesses
Evaluating Business Uses and Legal Risks, Addressing Tax Implications, and Avoiding Regulatory Pitfalls
Recording of a 90-minute CLE webinar/teleconference with Q&A
Conducted on Wednesday, July 18, 2012
Recorded event now available
This CLE webinar will provide corporate and general counsel with a thorough review of the relevant legal issues and practical considerations involved in forming a captive insurance company. The panel will prepare counsel to evaluate the benefits and risks of establishing a captive for business clients.
Description
A captive insurance company is owned by a parent company or shareholders of the parent company and insures all or part of the risks of the parent. The captive may reinsure or retain some or all of the risks.
Companies use captive insurance to contain the expense of outside insurance. Captive insurance may also be used to cover only specific risks, gain return on invested capital, access the reinsurance market, deduct premiums as a business expense, or insure a risk not covered by commercial insurers.
Most major corporations have one or more captives—serving different risks, such as general, environmental and product liability, employee benefit liability, workers' compensation, and even healthcare. Enabling statutes have encouraged nonprofits and medium-sized businesses to form captives.
Listen as our authoritative panel discusses the benefits and risks of establishing a captive insurance company for your business or business clients. The panel will address the key considerations in determining whether a captive is the optimum risk management entity for a business.
Outline
- Benefits and risks to the parent company
- Tax implications
- Regulatory pitfalls and applicable case law
- Creative uses for captives
- Determining whether a captive is an effective option for a parent company
Benefits
The panel will review these and other key questions:
- What are the legal and financial benefits and risks to the parent company in creating a captive?
- When should, and how can, a mid-size company create a captive?
- What are the tax implications of creating a captive?
Faculty
F. Hale Stewart, Owner
The Law Office of Hale Stewart, Houston
He specializes in the areas of captive insurance, asset protection, estate planning, and international tax. He advises small companies forming captives, larger associations seeking to lower insurance costs, and high net worth individuals. He is the author of a book on captive insurance law and maintains tax and financial blogs.
Jay D. Adkisson, Partner
Riser Adkisson, Newport Beach, Calif.
He practices in the areas of captive insurance, creditor-debtor litigation, and asset protection. He forms "pure" captive structures, consults on existing captives, and litigates issues involving captives. He authored a book on captives and is a popular legal and financial speaker. He is the Chair of the Committee on Captive Insurance of the ABA's Business Law Section.
Ordering
Online CLE - Audio Recording
Includes streaming audio of full program plus handouts (available 24 hours after live program).
CLE:
Pre-approved for participatory or non-traditional/alternate format credit in: CA, HI*, NY*, WV*.
Pre-approved for self-study credit in: AK, AZ, MO, MT, TX*, VT, WA.
Upon request, also available in: CO, CT*, FL, GA, ID, KY, LA*, ME, NC, ND, NE, NH, NM, NV, OR*, SC, TN, UT, WI, WY. If you are applying for credit in one of these states, make sure to select those states when placing your order.
(*Indicates that Strafford must report attendance.)
Online CLE Audio $297.00
Available 24 hours after the live event
Recorded Event
Includes full event recording plus handouts (available after live seminar).
CLE: Pre-approved for self-study credit in: AK, AZ, CA, CT, HI, MO, MT, NY, TX*, VT, WA, WV. Upon request, self-study credit is also available in: CO, FL, GA, ID*, KY, ME, ND, NE, NH, NM, NV, OR, UT, WI, WY. If you are applying for self-study credit in one of these states, contact Strafford CLE at 1-800-926-7926 ext. 35 or CLE@straffordpub.com. (*Indicates that Strafford needs to process the CLE — see below to purchase this option.)
Webinar Download (Slide Presentation with Audio) $297.00
Available three business days after the live event
DVD (Slide Presentation with Audio) $297.00
plus $9.45 S&H
Available ten business days after the live event
MP3 Download (Audio with Slide PDFs) $297.00
Available 24 hours after the live event
CD (Audio with Slide PDFs) $297.00
plus $9.45 S&H
Available ten business days after the live event
Webinar/Teleconference
Strafford webinars/teleconferences offer several options for participation: online viewing of speaker-controlled PowerPoint presentations with audio via computer speakers or via phone; or audio only via telephone (download speaker handouts prior to the program). Please note that our webinars do not feature videos of the presenters.
Program Materials
Requires Adobe Reader 8 or later. Download Acrobat FREE.
Program Materials
Requires Adobe Reader 8 or later. Download Acrobat FREE.
CLE Credit
Strafford's live seminars qualify for CLE in every state that accredits webinars. They offer you a high quality, cost effective, and convenient CLE option, with no lost travel time or expenses.
Customer Reviews
I appreciated the discussion about the often complex aspects of giving legal opinions in the LLC context.
David Longenecker
Stites & Harbison
The webinar provided good practical advice.
Peter Bado
Thrivent Financial
I found it helpful to hear the information and perspectives of all the presenters.
Mary Grace Folwell
Ballard Spahr
Very nice job! The program was well coordinated and professionally done with knowledgeable presenters.
Muhammad Shakoor
BlueCross BlueShield of Tennessee
Excellent topics, discussed very well.
McClure King
Dearborn National
Corporate Law Advisory Board
Partner
Hogan Lovells
General Counsel
Assurance America
Partner
Mayer Brown
Matthew A. Karlyn
Partner
Cooley
Kathleen Mayton
General Counsel
Rollins
Partner
K&L Gates
Partner
Kaye Scholer
Our Guarantee
Strafford webinars and teleconferences are backed by our 100% Unconditional Money-Back Guarantee: if you are not satisfied with any of our products, simply let us know and get a full refund. For more information regarding complaints and refunds, please contact us at 1-800-926-7926 ext 10.