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Jay regularly consults with new clients nationwide on captive insurance structuring and creation. He can be contacted at the following:
Nationally Toll-Free at 949.629.1176 Orange County, California: 949-607-0952 Dallas, Texas: 214-459-6272 E-Mail: jay [at] risad.com URL: http://captiveinsurancecompanies.com Postal Mail: P.O. Box 7088, Laguna Niguel, CA 92677 Jay is also a regular speaker on captive insurance topics, in addition to general business, estate and asset protection planning topics, to both public and private groups. More about Jay at http://www.jayadkisson.com Free Newsletter and Updates
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About the Book
Editorial Reviews
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 14, 2006) Language: English ISBN-10: 0595422373 ISBN-13: 978-0595422371 Product Dimensions: 9 x 6 x 1.1 inches Shipping Weight: 1.20 pounds Reviews [Four Stars] An excellent starting point, March 9, 2007 Reviewer: Randall K. Edwards (Salt Lake City, Utah USA) 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. [Five Stars] Very Helpful, January 22, 2007 Reviewer: Construction "Risk Manager" (Portland, OR USA) 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. [Five Stars] Great Intro to Captives, December 18, 2006 Reviewer: Shark Diver "K" (Cayman Islands) 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. Purchase From Amazon at http://www.amazon.com/gp/product/0595422373?ie=UTF8&tag=httpassetproc-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=0595422373 From Barnes & Noble at http://search.barnesandnoble.com/booksearch/isbnInquiry.asp?z=y&EAN=9780595422371&itm=1 Warnings and Legal Information
The information given in this website does not constitute legal or accounting advice or opinion, and should not be relied upon for any planning purposes. It is provided solely and exclusively for general, non-specific educational purposes. Planning of this nature is necessarily very circumstance-specific and therefore it would be dangerous to apply the very general rules described herein to any singular fact-pattern. Prudence demands that you consult with an experienced professional licensed in your state before attempting any of the planning techniques described herein.
Additionally, the information given in this website is not any substitute for the services of a licensed attorney in your state. You should consult with your local attorney regarding your suitability for the techniques stated herein under your local laws. We do not offer legal services in any state relating to captives, but only non-legal consulting and related services. NOTICE: We do not provide any tax related services, nor do we provide any tax advice, tax opinions, counseling on tax matters, tax strategies, tax products, tax shelters, or anything else of a tax-related nature. If you desire such planning you should contact a licensed tax attorney in your state. TAX EVASION IS A SERIOUS CRIME! Always seek a second opinion in regard to your tax planning: If someone tells you not to consult with the IRS or a licensed tax attorney or CPA prior to implementing any planning, there is something seriously wrong and you should think twice about such planning. This website does not give tax advice of any nature. Any mention within this website of any possible tax effects or consequences of any transaction are purely incidental to our descriptions of asset protection techniques or strategies, and are not meant to (and should not) induce you to utilize the techniques or strategies based upon any real or perceived tax benefits. You may not rely on this website under IRS Circular 230. This website does not promote or sell any tax strategies, products or ideas. Any mention in this website of possible tax effects or consequences of any asset protection techniques or strategies are not meant to induce you to take advantage of those asset protection techniques or strategies because of any real or perceived tax advantages. We are not your counsel and you will not rely upon anything in this website for any advice, counsel or suggestions as to the proposed or actual tax treatment of any transaction. Likewise, we do not make any guarantees or assurances in connection with any product, transaction or strategy discussed herein. Prudence demands that you retain independent professional tax counsel to objectively advise you on any tax consequences of any product, transaction or strategy discussed herein. Prudence also demands that you retain appropriately qualified and independent tax professionals to advise you of your tax compliance and reporting requirements. NO SPAM POLICY: We do not engage in mass mailings or send spam. Occasionally, scam artists and competitors will send spam with our e-mail return address (a/k/a "Joe Job") in an attempt to spark complaints and retaliation. To the contrary, we wholeheartedly support the Spamhaus project.
We assist prospective captive owners and their advisors in evaluating, designing, and implementing captive solutions. We also review existing captive structures and suggest ways that they can be used more efficiently. In addition to Mr. Adkisson's firms, we also have relationships with experienced and reputable insurance managers, actuaries, underwriters, and accountants who specialize in captive insurance arrangements. You may contact Jay Adkisson for a telephone conference or for a speaking engagement by calling his scheduling assistant at 949.629.1176 or by e-mailing him directly to jay [at] captivebook.com (We serve clients nationwide). |
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| © 2007 by Riser Adkisson LLP. All rights reserved. No portion of these materials may be reproduced in whole or in any part without the express written permission of Adkisson Publishing Inc. Legal issues should be faxed to 877-698-0678. |