Captive Insurance Companies (Self-Study)


This session is designed to give an introductory overview of what captive insurance is and how it can potentially benefit medium size and large businesses for their risk management program. Captive insurance is a form of self-insurance where a business directly owns its insurance company (hence the name ‘captive’ insurance). The presenters will discuss the types of captive insurance companies, possible uses and benefits, and an overview of the formation process. We will also briefly discuss questions that legal advisors should be asking if their client is considering forming a captive.

This session will also cover the current events affecting the captive insurance industry. We will go over the changes made in the 2015 PATH Act and subsequent developments in the wake of those changes, including recent PATH Act amendments made in the 2018 Consolidated Appropriations Act. We will discuss the impact that the 2017 tax reform will have on the captive insurance industry. We will also review the recent decisions out of the US Tax Court and the tax status of captives.

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