5 CPE credits are available for the the successful completion of this course.

The cost of this course for non-designation students is $750.

Corporate ethics is taking on increased prominence at U.S. companies. The Enron scandal — the largest corporate bankruptcy in U.S. history — and the failures of the accounting profession to provide fair warning of the company’s problems, as well as questionable accounting practices reported in a number of large companies has resulted in significant changes to corporate governance. With passage of the Sarbanes-Oxley Act of 2002 in response to these heightened concerns about ethical practices in leading American firms, how will it impact the captive insurance industry – and what should managers and staff in the industry need to know and practice to demonstrate high ethical standards?

This course focuses on legal and ethical issues related to business practices in the captive insurance industry. Through scenarios, case studies, and readings, participants will:

  • Recognize core ethical values;
  • Point out common rationalizations used to justify unethical behavior;
  • Identify best practices in establishing guidelines for dealing with questionable behavior or actions;
  • Discuss how core values as demonstrated by a CEO and the board can permeate the rest of the organization;
  • Compare the roles and duties of the CEO, the Board of Directors, Audit Committee, outside service providers, the actuary, and the lawyer in the captive arena;
  • Examine a CEO’s perspective on the ever evolving leadership environment relating to ethical behavior;
  • Explain the need for a “code of conduct” in every company and demonstrate how to develop, implement and communicate its principles throughout an organization;
  • Identify the sources from which ethical standards are drawn for various professionals (attorneys, actuaries, accountants, regulators, investment advisers, and licensed insurance professionals) within the captive industry;
  • Create a presentation with peers that analyzes ethical issues within various case studies;
  • Analyze various hypothetical situations and discuss their ethical and practical ramifications;
  • Identify areas in the captive industry with potential ethical conflicts and compare ethical and unethical responses to the dilemmas

Online Course – Group-Internet-Live

In addition to self-paced reading and assignment work, students will be required to attend three webconference sessions and complete one week of follow up assignments. There are no prerequisite requirements for this course.  Prior to the first webconference participants need to access Canvas to review webconference directions and course material.

Registration Deadline: Thursday, September 21, 2023

Webconference one, Thursday, September 28th   12:00 noon – 1:15 p.m. Eastern Time
Webconference two,  Thursday, October 5th 12:00 noon – 1:15 p.m. Eastern Time
Webconference three, Thursday, October 12th 12:00 noon – 1:15 p.m. Eastern Time

Instructors for this offering are Jerry Messick and Jeff Simpson.

For further details please contact at ICCIE at 802-651-9050.


International Center for Captive Insurance Education (ICCIE) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its

In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.