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on May 24, 2010
Despite its size, this book by Adkisson is really a pamplet devoted to the very basics of captive insurance companies. About 3/4 of the book is filled with appendixes related to key court cases related to IRS taxation, which unfortunately are not adequately discussed by the author in the text. One positive is the long list of policies the captive can write to cover innumerable business liabilities. The author's opinion is strung throught the book without successful examples of innovative risk retention solutions, and in summary anyone interested in captive formation should basically contact the author directly to get "expert help" since so few people really know how to do it. Actually, P.A. Baucutt's book and the recent one by Westover are a better combination of old and new to get your feet on the ground.
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on December 18, 2006
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.
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on April 22, 2009
This is an excellent book from the perspective of clients and advisors who are planning to form a captive insurance company to understand how it fits into their overall structure. This is a book for attorneys, accountants, and financial planners -- as well as prospective captive clients -- who have not heretofore been introduced to the topic of captive insurance. This book gives a wonderful explanation of what a captive is, what is required for the captive application, how a captive operates, the basic IRS rules and regulations, and how a captive fits into the overall corporate or family organizational chart.

This book makes no pretense of being for insurance brokers and agents who are looking for insight into the minutae of the commercial insurance business, such as where to look for quotes on workers compensation fronting, finding reinsurance, how retention agreements should be drafted, etc. But since most insurance brokers and agents dislike captives because they cut into their commissions, they will probably not be recommending captives to their clients anyway. One of the biggest benefits of a captive is to eliminate the costs of the broker's or agent's commissions and put those to work for the captive owner, so the hostility of brokers and agents to the concept of a captive and their spreading of patently false misinformation about captives should not be surprising.
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on March 9, 2007
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.
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on December 4, 2012
If you are looking for a way to learn the basics about captive this book is a god place to start. However, the only way to really learn it is working with an experienced person and go through the whole process hand in hand. However this book can teach you enough to get an appointment that will provide you the ability to bring in someone to help the client so you can learn along the way, while serving their best interests.
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on November 7, 2008
Book is 80 pages of boilerplate information that is available on net plus 200 pages of regulatory and tax code also available on net. Not worth it!
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on January 22, 2007
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.
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on May 2, 2014
If you ar trying to educate yourelf on capitive insurance companies the first 80 pages of this book do a decent job of providing a primer on the workings and definitions of tis entity form. The remaining ~200 pagew is in the form of appendicies that may or may not have any relevance to your specific need.
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