INSURANCE

A Microscopic View of Captive Insurance Taxation

A captive insurance company (or “captive”) is a licensed insurer generally established to meet the risk management needs of a specific company or group of companies. The risk management benefits are the primary reason for their formation, but the tax benefits can also be valuable. A captive must be licensed as an insurance company through [...]

December 5th, 2016|BUSINESS TAX, INSURANCE|

Notice 2016-66: The “Yellow Light” for Captive Insurance Transactions

In the recently released Notice 2016-66, the IRS identified micro-captive transactions as "transactions of interest" under Reg. 1.6011-4(b)(6). The mandate requires parties involved in certain Internal Revenue Code Section 831(b) arrangements to disclose the transactions to the IRS. In late December 2016, the IRS released Notice 2017-08 to extend the disclosure deadline from January 30, 2017 [...]

December 2nd, 2016|INSURANCE, INSURANCE NEWS FLASH|

Client Snapshot: Insurance

CRI works with a variety of companies to help them meet their insurance needs. Watch as Phyllis Ingram discusses how our captive insurance expertise yielded a high ROI for one of our clients.

April 19th, 2016|INSURANCE, VIDEO|

Out with the Old, in with the New ORSA Implementation for Insurers

NAIC adopted the own risk and solvency assessment model (ORSA) to modernize the regulation of insurance groups in the U.S. Watch Joe May discuss the privacy and regulatory concerns related to ORSA implementation and how CRI can help state insurance departments implement ORSA.

August 11th, 2015|INSURANCE, VIDEO|

Weighing Your Options: Is Captive Insurance Right for Your Company?

Captive insurance is tailored to meet the specific risk needs of your business. Typically, premiums will be reduced compared to commercial insurance premiums and substantial tax savings may apply. Watch Steve Williams explain how captive insurance may benefit your business, and then call CRI's advisors for help forming your captive.

July 12th, 2015|INSURANCE, VIDEO|