TITLE

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PUB. DATE
June 2002
SOURCE
Financial Executive;Jun2002, Vol. 18 Issue 4, p62
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
11927657

 

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