Adkisson's Captive Insurance Companies: An Introduction to Captives, Closely-Held Insurance Companies, and Risk Retention Groups (Paperback)

by Jay D Adkisson (Author)
Key Phrases: risk retention group, offshore domiciles, captive structure, Insurance Commissioner, Adkisson's Captive Insurance Companies, South Carolina (more...)

Editorial Reviews

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.

About the Author
Jay Adkisson is an attorney experienced with the structuring and formation of captive insurance companies. He has twice been an expert witness to the U.S. Senate Finance Committee, and is a co-author of “Asset Protection: Concepts and Strategies”.

Product Details

• Paperback: 370 pages
• Publisher: iUniverse, Inc. (December 17, 2006)
• Language: English
• ISBN-10: 0595422373
• ISBN-13: 978-0595422371
• Product Dimensions: 9 x 6 x 1.1 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 3.7 out of 5 stars See all reviews (6 customer reviews)
• Amazon.com Sales Rank: #125,448 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

8 of 8 people found the following review helpful:

5.0 out of 5 stars Great Intro to Captives, December 18, 2006

By	Shark Diver "K" (Cayman Islands) - See all my reviews

As an advisor, I've had clients repeatedly ask me about captive insurance companies but I didn't know much more about them and simply referred them to people like Jay who dealt with them. They always seemed like a "black box" planning technique where the secrets of how they worked were hidden from the unitiated. With this book, Jay opens that box and gives a great explanation of what captive insurance companies are, how they work, what it takes to get them licensed, how they are taxed, what policies they can issue, where they can be formed, and a bunch of other stuff that helps advisors like me understand the basic concept. I think this would be a great book to give as a gift to clients who were interested in captives as it explains their benefits -- and limitations -- quite clearly.

5 of 5 people found the following review helpful:

4.0 out of 5 stars An excellent starting point, March 9, 2007

By	Randall K. Edwards (Salt Lake City, Utah USA) - See all my reviews (REAL NAME)

Jay Adkisson's book on captive insurance companies is a good starting point for anyone who wants an overview of an often overlooked or misunderstood subject. The book is a little heavy on statutes and some case law, but otherwise gives an excellent introduction to the benefits and risks of establishing and maintaining these structures.

6 of 7 people found the following review helpful:

5.0 out of 5 stars Very Helpful, January 22, 2007

By	Construction "Risk Manager" (Portland, OR USA) - See all my reviews

I'm in the process of determining whether a captive makes sense for my company. Mr. Adkisson's guide is very imformative. He is a little weak in his pure insurance knowledge but the concepts are more creative and thorough than others I have researched.