Excess insurance coverage
Jay Adkisson's Amazon Blog
Jay Adkisson's Amazon Blog
- Supporting Website for Adkisson's Captive Insurance Companies
Supplementary information for Adkisson's Captive Insurance Companies: An introduction to Captives, Closely-Held Insurance Companies and Risk Retention Groups is available at http://www.captiveinsurancecompanies.com - Adkisson's Captive Insurance Companies
My new book on captive insurance companies is now available at http://www.amazon.com/Adkissons-Captive-Insurance-Companies-Introduction/dp/0595422373 or search Amazon for "captive insurance" and you'll find it. - Book Table of Contents
.1 - Captive BenefitsStabilize Insurance Budgets - Reduce Insurance Admin Costs - Negotiation Tool - Utilize Own Experience - Premium Flexibility - Policy Terms - Increased Claims Control - Recapture Underwriting Profits - Accept Greater Deductibles - Access to Reinsurance Markets - Customized Coverage - Underwrite Exposed Risks - Enhance Loss Prevention - Profit Center - Liability and Wealth Transfer
.2 - Wealth Transfers, Accumulation and PreservationWealth Transfer - Wealth Accumulation - Wealth Preservation - Example: Property Developers
.3 - Basic ConceptsInsurance Companies as Banks - Control and Capitalization - Reserves and SurplusLimitations of Captives - Captives and Bad Risks - Minimum Costs and Break-EvenReinsurance - Premiums Withheld Reinsurance - Fronting
.4 - Types of CaptivesPure Captive/Single-Parent Captive - Corporate Captive - MicroCaptives, MiniCaptives,CHICs - Group Captive - Agency Captives and PORCs - Branch and Sponsored Captives - Rent-A-Captives - Risk Retention Groups (RRG) - Physician Groups
.5 - Captive TaxationThe Percentage Safe Harbor - The 11 Insureds Safe Harbor - Insurance Co. for Tax Purposes? - The 953(d) Election - 501(c)(15) MicroCaptives - 831(b) MiniCaptives
.6 - Formation and LicensingTeam - Feasibility Study - Actuarial Study - Application - Meeting with Insurance Commissioner - Formation and Licensing - Capitalization - Ancillary Structuring - Ongoing Management
.7 - PoliciesBusiness Liability - Business Casualty - Excess Insurance - Bonds
.8 - DomicilesPermitted Assets: A Moving Target - Records and Meetings - Licensing Fees, Annual Fees and Premium Taxes - Offshore or Onshore
.9 - Domestic DomicilesVermont - South Carolina - Hawaii
.10 - Offshore DomicilesJunkanoo Factor - Bermuda - Cayman Islands - British Virgin Islands
.AppendicesA. Risk Retention Statute - B. Vermont Captive Statute - C. South Carolina Captive Statute - D. Cayman Islands Insurance Law - E. 26 U.S.C. § 831 - F. Revenue Ruling 2001-31 - G. Revenue Ruling 2002-89 - H. Revenue Ruling 2002-90 - I. Revenue Ruling 2002-91 - J. Notice 2003-34 - K. Revenue Ruling 2005-40 - L. Humana Inc. v. C.I.R. - M. Gulf Oil Corp. v. C.I.R. - N. AMERCO, Inc. v. C.I.R. - O. Sears, Roebuck and Co. v. C.I.R. - P. Ocean Drilling & Exploration v. U.S. - Q. Malone & Hyde, Inc. v. C.I.R. - R. Kidde Industries, Inc. v. U.S. - S. United Parcel Service v. C.I.R. - Overview of Equity-Indexed Annuities: The Smart Consumer's Guide
In writing "Equity-Indexed Annuities: The Smart Consumer's Guide", I spent a great deal of time in condensing the material so that it could be read in an hour or two by the average person who is considering the purchase of an equity index annuity. There are only 52 pages of text divided into 11 chapters, but the text gets right to the point.
I also spent a great deal of time linking up in footnotes the alerts from the National Association of Securities Dealers (NASD) and the National Association of Insurance Commissioners (NAIC) so that readers could follow along with their comments as they read mine. I included as appendices the full text of the alerts regarding equity-indexed annuities from the NASD, NAIC and also the SEC.
This book was also intended to be useful to agents who sell equity indexed annuities. First, this book gives an overview of EIAs and highlights those situations when they are not suitable for sale. Second, this book could be a useful tool to give to prospective buyers of equity index annuities so that they understand the main risks and limitations of these products, but also how they are stuctured for the potential for greater gains than ordinary fixed annuities.
I have created a website that is dedicated to the support of this book and which contains a great deal of ancillary information not found in the book or appendices at eiabook dot com - Summer 2006 edition of Adkisson and Riser's Developments in Asset Protection and Wealth Preservation
Now available for free at http://www.assetprotectionbook.com/Developments_Fall_06.pdf and at http://www.assetprotectionbook.com/Dev_Fall2006.htm In this issue:
831(b) Captive Insurance Companies
419(e) Welfare Benefit PlansU.S. v. Townley
In re Ehmann -- Round IIIn re BaldwinIs Your Corporation Really Protecting Your Assets?The B.S. Behind Nevada Bearer SharesAsset Protection Short SummariesCalifornia Franchise Tax Board Taxes Separately Each Series of a Series LLCThe Private Trust CompanyIntroducing the Ownership Continuity and Control PlanWhy Congress is About to Declare War on Pretty Much Everything OffshorePrivate Placement Life Insurance Deal ImplodesReport from Quatloosia: FTC Shuts Down Asset Protection Group Scam, and more! - Townley case, fraudulent transfer laws, and future unknown creditors
All who are interested in asset protection should read what happened in the Townley case, which is found at
http://www.assetprotectionbook.com/WA_Townley_Slip_Copy2006.htm
Asset protection is an increasingly difficult area of practice, mainly because the planning must be justifiable on some basis other than asset protection planning (aside, of course, from homestead or statutory exemption planning and some forms of corporate/partnership planning). - Hello Readers
When Chris and I wrote our book, we wanted to do something much different than anything that was then available to those wanting to learn about asset protection. We wanted to educate about the basics of asset protection planning, while also giving some critical commentary on certain popular but questionable techniques, and giving a glimpse into how asset prot
