Jay D. Adkisson
Bloomington, Indiana: iUniverse, 2006
370pp, ISBN: 978-0-595-42237-1
This introduction to the captive insurance sector discusses its main features, such as wealth transfer, and accumulation and preservation advantages of captives, as well providing an overview of the types of captives, their taxation, and domiciles. It examines how they are formed, and their potential to develop into a full insurance companies seeking to profit from underwriting the risks of others.
Price: $22.71
Product Description
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. Adkisson’s Captive Insurance Companies 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.Amazon and the Amazon logo are trademarks of Amazon.com Inc. or its affiliates.
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