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

This course explores the legal environment facing captive insurance companies and addresses factors that directly impact the formation of new captives and those that may impact the ongoing effectiveness of captives as risk management tools.

A feasibility analysis, although not a legal requirement in all captive domiciles, provides a prospective captive owner with an analysis of the planned captive’s organizational structure, domicile selection, and the risk management purpose of the captive. The success of a captive domicile depends on whether it allows insureds to achieve their risk financing objectives. Domicile infrastructure, including the regulatory framework, is both a result of the captive’s legal environment and a determinant of domicile success.

The directors of a captive are responsible for whether the company achieves its business purpose. Directors appoint a management team to carry out the different insurance company functions. The captive’s service contracts and underwriting documentation must support the captive’s business purposes and will provide evidence of whether the captive is legally involved in writing insurance. The captive’s financial records, whether for internal or external purposes, must provide adequate information to allow directors and regulators to assess the captive’s financial strength. Captive meetings and reports can be used to support the captive’s risk management purpose. Participants will explore how the captive may be in compliance with all applicable laws. Participants in this course will examine:

  • What determines domicile choice
  • Information requirements of a feasibility study
  • Regulations that impact the management of captives
  • Solvency and liquidity ratios
  • Required organizational documents and filing procedures
  • Taxation of captives
  • Ongoing responsibilities of directors
  • Required underwriting documentation
  • Required records and captive policies
  • Reports and filing requirements
  • Board reporting requirements


Online Course

In addition to self-paced reading and assignment work, students will be required to attend six webconference sessions and complete one week of follow up assignments.

Registration Deadline: Wednesday, October 23, 2019

Webconference one, Wednesday, October 30, 2019 from 12:00 noon – 1:15 pm Eastern Time
Webconference two, Wednesday, November 6, 2019, from 12:00 noon – 1:15 pm Eastern Time
Webconference three, Wednesday, November 13, 2019, from 12:00 noon – 1:15 pm Eastern Time
Webconference four, Wednesday, November 20, 2019, from 12:00 noon – 1:15 pm Eastern Time
Webconference five, Wednesday, December 4, 2019, from 12:00 noon – 1:15 pm Eastern Time
Webconference six, Wednesday, December 11, 2019, from 12:00 noon – 1:15 pm Eastern Time

The course will be offered again in Spring 2020

For further details please contact 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 website:

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