Ask An FEI Researcher About

June 2002
Financial Executive;Jun2002, Vol. 18 Issue 4, p62
Academic Journal
This article looks at the advantages and disadvantages of captive insurance companies. The author describes the current state of the captive market, provides information on reporting requirements and taxation and how to avoid adverse tax consequences, and details how companies can set up a captive. A captive insurance company is defined as single parent captive owned and controlled by a single company and insures that company and/or its subsidiaries. A group captive is defined as an insurance company owned and controlled by two or more non-affiliated organizations which the captive insures. It is noted that captive insurance organizations include insurance companies owned and controlled by their insureds.


Related Articles

  • Barbados poised for growth. Gonzalez, Gloria; Souter, Gavin // Business Insurance;3/7/2005, Vol. 39 Issue 10, p20 

    This article focuses on Barbados which is expected to see solid growth in its captive insurance industry in 2005 due to legislative and regulatory changes. Canada remains a niche market for Barbados, despite uncertainty over how Canadian tax authorities will treat captives following the...

  • Captives cheer tax ruling. Tilley, Kate // Business Insurance;4/15/96, Vol. 30 Issue 16, p25 

    Reports that a Federal Court of Australia's decision clarifying that premiums paid to an offshore captive are fully tax-deductible as insurance premiums, was welcomed by captive owners in Australia. How the decision affects the Canberra-based Australian Taxation Office (ATO); Arguments from...

  • Vermont Moved Into Number 3 Spot Worldwide As Home For Captive Insurers.  // Insurance Advocate;06/17/2000, Vol. 111 Issue 25, p7 

    Reports on the ranking of Vermont as the home for captive insurers worldwide in 2000. Overview of the results of the 2000 edition of A.M. Best's Captive Directory; Laws governing the enhancement of insurance regulatory environment in the state; Requirement for business written by a sponsored...

  • A Little Captive Creativity Goes A Long Way. McDonald, Caroline // National Underwriter / Property & Casualty Risk & Benefits Manag;03/19/2001, Vol. 105 Issue 12, p4 

    Suggests several uses of the captive insurance programs. Coverage of employee benefits; Property-casualty coverage; Ways on how to determine the uses of captives.

  • Agency Captives Need Up-Front Planning. Sclafane, Susanne // National Underwriter / Property & Casualty Risk & Benefits Manag;08/09/99, Vol. 103 Issue 32, p3 

    Focuses on insurance agency captives and rent-a-captives. Things the agents should consider when setting up agency captives; Difference between captives and rent-a-captives; Operating costs of a captive; Characteristics common to failed captives; Some companies with captive and rent-a-captive...

  • Hong Kong. MacDermott, Matthew // Business Insurance;04/27/98, Vol. 32 Issue 17, p81 

    Reports on the adaption of a legislation by Hong Kong which will enable them to form a captive insurance industry. Information on the Insurance Companies (Amendment) Ordnance 1997; Comments from the director of London-based captive management consultant Aon Management (Hong Kong) Limited,...

  • Maine. Prince, Michael // Business Insurance;04/27/98, Vol. 32 Issue 17, p82 

    Reports that Maine has passed its captive legislation in 1997, but yet the state has to tract its first captive insurance company. Requirements of the law; Details on premium taxes; Ways to obtain more information on forming a captive insurance companies in Maine.

  • South Dakota. Hofmann, Mark A. // Business Insurance;04/27/98, Vol. 32 Issue 17, p83 

    Reports that no captive insurance companies have been formed under the South Dakota's 1996 law. What the law allows; Details on the requirements from captive insurance companies; Information on captive insurance companies willing to open in South Dakota.

  • Virginia. Prince, Michael // Business Insurance;04/27/98, Vol. 32 Issue 17, p83 

    States that there are no captive insurance companies in Virginia, although there is a law that permits captive insurers. Details to obtain more information.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics