ELECTIVE COURSE
5 CPE credits are available for the successful completion of this course
Cost of course for ACI graduates and non-designation students – $750
Increasing employee benefits costs in today’s market are causing employers to seek alternatives to their traditional funding. One alternative funding vehicle that merits a closer look is an insurance captive, a wholly owned subsidiary serving primarily as an insurance company that handles all the insurance needs of its parent company or companies. Employers can provide many of their employee benefit coverages through use of an insurance captive. While many companies have traditionally set up captives when conventional property and casualty insurance was unavailable or too expensive to fund, more opportunity now exists to fund employee benefits through a captive.
This course will provide an overview of typical US-based employee benefits and the market, including but not limited to life insurance, short term disability, long term disability, and retiree medical benefits. Participants will review a case study of a company funding employee benefits in a captive and discuss the current funding status of the benefits market. The course will also examine state and federal regulations in the United States associated with benefits, including the US Department of Labor (DOL) exemption process used to gain approval for funding benefits in a captive, and other benefits, like multi-national pooling.
Key course takeaways:
- Discuss the benefits of using a captive to finance risk within the insured’s retention
- Summarize US employee benefits, cite examples and explain their relevance to captive insurance
- Distinguish between different health funding options in the US and describe their characteristics
- Define multinational pooling and give examples of programs typically covered for inclusion
- Explain what benefits are and are not subject to the US Employee Retirement Income Security Act of 1974 (ERISA)
- Categorize different types of DOL’s prohibited transaction exemptions
Online course with weekly instructor-led webconferences
In addition to self-paced reading and weekly assignments, students will be required to attend three webconference sessions and complete a final exam.
Registration Deadline: April 10, 2025 or until full
Webconference one, Thursday, April 17, from 12:00 noon – 1:15 pm Eastern Time
Webconference two, Thursday, April 24, from 12:00 noon – 1:15 pm Eastern Time
Webconference three, Thursday, May 1, from 12:00 noon – 1:15 pm Eastern Time
Office Hour, Thursday, May 8, from 12:00 noon – 1:00 pm Eastern Time
The next offering of this course will be in Spring 2026.
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 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 website: www.learningmarket.org