Most Frequently Asked Question

How is ICCIE pronounced?

• “I SEE”

ACI Program

What does ACI stand for?

• Associate in Captive Insurance

What domicile(s) is this program applicable to?

• Courses are relevant to every domicile around the world
• ICCIE is domicile neutral

What do I need to do to earn my ACI?

• Successfully complete 7 core courses, 2 elective courses and 3 “hot topic” webinars

How long does it take to earn the ACI?

• 9 months – 3 years
• Average is 18 months

What is the time limit to complete the ACI Designation program?

• 3 years

How much does the ACI program cost?

• Tuition for the ACI designation program is $4600, payable in two installments
• The first installment is due upon registration,  the second – one year into the program or prior to the start of a fourth core or elective course, whichever comes first
• Tuition includes the cost of ICCIE courses, course material, exams and three webinars

How do I enroll in the ACI program?

• Register Here!
• After registration and payment, the ICCIE office will work with you to create a plan of study and register for courses

CCI Program

What is the Certificate of Captive Insurance (CCI) program?

• An intermediate-level educational benchmark that requires fewer courses and has a lower tuition than the ACI
• There are three types of certificates available (each requires four courses):  the CCI-O for captive owners, the CCI-M for captive managers, and the General CCI

What is the time limit to complete the CCI program?

• 2 years

How do I enroll in the CCI program?

• Register Here!
• After registration and payment, the ICCIE office will work with you to create a plan of study and register for courses

Courses

What is a Core Course?

• An ICCIE-designed comprehensive captive insurance course providing a standard for captive industry

What are the seven Core courses?

• An Introduction to Alternative Risk Financing Mechanisms
• Understanding Risk and Risk Retention Mechanisms
• Reinsurance and Other Risk Transfer Mechanisms
• Predicting Risk and an Introduction to Actuarial Science
• Forming and Operating a Captive
• Business Ethics in the Captive Insurance Industry
• Investment Basics for Captives

What is an Elective course?

• A course providing specialized knowledge in captive specific fields

What are the approved Elective courses?

• Electives are offered through ICCIE, The Institutes, and American Society for Healthcare Risk Management (ASHRM).

ICCIE Elective Courses

• • Accounting for Captives: Financial Reporting and Analysis
  • Accounting for Captives: Interpretation and Management Perspectives
  • Captive Board Governance
  • Captive Claims Management: Best Practices and Reinsurance
  • Employee Benefits and Captives
  • Healthcare Captives Overview
  • Regulation of Captives
  • Risk Retention Groups
  • Taxation of Captive Insurance Arrangements
  • Understanding the Intricacies of Cell Captives

Non-ICCIE Elective Courses – please see ICCIE’s Course Catalog

How long does it take to complete an online course?

• Including the exam window anywhere between 8 – 12 weeks. 
  • Courses are scheduled with beginning and end dates, are faculty-led and offer students great flexibility in accessing courses without travel requirements. Although online courses have weekly assignments, students have flexibility to complete readings and assignments over the course of the week. Through online discussion boards, students also benefit from interaction with other students as well as the instructor(s).  Following the last webconference students have 1-2 weeks to submit homework prior to a four week exam window.

How much work is involved per course?

• 75 minute webconferences are held once a week
• Courses range from 3-6 webconferences
• Course reading assignments range from 60 pages – 400 pages (including optional readings) depending upon the course (divided among the webconferences)
• Course homework assignments may include team case study assignments as well as individual course work
• Vocabulary (Glossary of Terms) is provided for each course
• Exam

How long are the webconferences?

• 75 minutes per week

What time are the webconferences offered?

• 12:00 noon – 1:15 pm  Eastern Time

How does the grading work?

• The final course grade is determined by attendance, participation, and the final exam score. Every course includes a maximum of 100 points. Earning a combined score point value of 80 or higher is required to pass the course:
  • Attendance (10 points): Missed class(es) must be made up by viewing the archive prior to when the credit period ends (see Participation Point posting date in syllabus) for maximum credit.
  • Participation (10 points): Includes active involvement during class, participation in the team case study (if applicable) and completion of homework assignments.
  • Final Exam (80 points): Students are provided a four-week testing window to sit the closed book course exam(s). You have two chances to pass a final exam. If your course points after taking the first exam total 80 or above, you do not need to take the second exam.

What if I miss a webconference?

• Each webconference is recorded and archived.  If a student misses a webconference they are asked to view the archive of the session prior to the next webconference to earn full participation credit. 

What if I don’t pass a course?

• ACI Designation and CCI Certificate students may retake the course again at no additional cost
• ACI Designation and CCI Certificate students may opt to “test-out” by paying $125 testing fee to take an additional  course exam
• Modular students may retake the course at the cost of the tuition

How much does each course cost?

• If registering in the ACI designation program tuition includes the cost of enrollment for 7 core courses, 2 ICCIE elective courses, course material, exams and three webinar registrations
• If enrolling as a modular student –
  • Any webinar: $100
  • Core Courses:
    • An Introduction to Alternative Risk Financing Mechanisms: $750
    • Business Ethics in the Captive Insurance Industry: $750
    • Forming and Operating a Captive: $1050
    • Investment basics for Captives: $750
    • Reinsurance and Other Risk Transfer Mechanisms: $750
    • Predicting Risk and an Introduction to Actuarial Science: $750
    • Understanding Risk and Risk Retention Mechanisms: $1050
  • Electives: 
    • Accounting for Captives: Financial Reporting and Analysis: $900
    • Accounting for Captives: Interpretation and Management Perspectives: $900
    • Captive Board Governance: $750
    • Employee Benefits and Captives: $750
    • Healthcare Captives Overview: $750
    • Regulation of Captives: $750
    • Risk Retention Groups: $750
    • Taxation of Captive Insurance Arrangements: $750
    • Understanding the Intricacies of Cell Captives: $900

Can I take more than one course at a time?

• Yes, however, it is advisable to take courses that do not have a extended overlap of time

Can I take the classes as an independent study?

• ICCIE Core and Elective courses cannot be completed in an independent study format

Webinars

What are “hot topic” webinars?

• Educational teleconferences or webinars offered through ICCIE, Vermont Captive Insurance Association (VCIA) or through approved modules at various captive conferences

If you have any additional questions please contact the ICCIE office at 802-651-9050 or toll free 1-866-60-ICCIE or e-mail us at [email protected]