Adkisson's Captive Insurance Companies

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.<i>Adkisson's Captive Insurance Companies</i> 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.