CORE COURSE

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

Course cost for non-designation students – $1050

What are the steps in forming a captive? What types of information is required in a feasibility study? What is the legal environment facing captives? What roles and responsibilities do directors and service providers have in the operation of a captive? How is the financial strength of a captive measured? These are all critical considerations in the formation and operation of a captive that are examined in this course. 

Participants in this course will explore the captive formation process, important considerations in operating a captive, the legal environment facing captive insurance companies, and how financial records are used to assess the captive’s financial strengths. Specific topics covered in this course include what determines domicile choice; 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, records and captive policies; reports and filing requirements; board reporting requirements; and the pros and cons of using a cell company. 

Key course takeaways:

  • Describe steps in captive formation 
  • Explore components of a feasibility study and how they are used 
  • Examine tax implications in forming a captive  
  • Explain accounting methods used to determine financial strength of captive 
  • Discuss considerations in using a cell company 

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. 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.

Instructors for the Spring 2024 offering:  Chaz Lavelle and Nate Reznicek

Registration deadline:  March 14, 2024 or until full

Webconference one:  Thursday, March 21st, 12:00-1:15 pm ET
Webconference two:  Thursday, March 28th, 12:00-1:15 pm ET
Webconference three:  Thursday, April 4th, 12:00-1:15 pm ET
Webconference four:  Thursday, April 11th, 12:00-1:15 pm ET
Webconference five:  Thursday, April 18th, 12:00-1:15 pm ET
Webconference six:  Thursday, April 25th, 12:00-1:15 pm ET

The course will be offered again in Fall 2024

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: www.learningmarket.org.

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