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Captivating Thinking
Knowledge is power. That’s why we’re always looking to educate business owners on the best practice when it comes to Captive Management. But we also want to give you the resources you need to guide you through the risk management process. In the CIC Services Knowledge Center, you can:
- Read about CIC in the news
- Learn about industry standards
- Stay up-to-date on upcoming events
Explore these resources and equip yourself for the future!
Cell Captives: Oversold and Misunderstood?
Much of the growth of the captive insurance industry is being driven by micro-captives, the type that serve small and mid-market businesses. And, some of that growth has resulted from increased use of “cell” captive structures—protected cell captives, incorporated cell captives, series cell captives and other varieties of cells. What is a cell captive?
CICA Issues THOUGHTFUL Guidance On Small Captives In Light Of Recent Attacks By The IRS
The Captive Insurance Company Association (CICA), the captive industry’s foremost domicile-neutral association recently released an important statement regarding small captive insurance companies that make an 831(b) tax election. The Information Statement was released on August 24, 2015 and emphasizes the importance
Breaking News! TN Captive Director Named Professional of the Year
We received very exciting news from the Tennessee Captive Insurance Association (TCIA) this week. As you are aware, CIC Services, LLC is a member of the TCIA and manages many captive insurance companies domiciled in Tennessee. In the past, I have noted that Tennessee is pro—business and pro small business, making it a great home […]
13 Easily Identifiable Signs of a Sham Captive Insurance Arrangement
By: Sean King, JD, CPA, MAcc Principal & In-House Counsel, CIC Services, LLC As I have noted in prior articles, “rules of thumb” offered up offhand by the IRS and certain others for distinguishing a “sham” captive transaction from a legitimate one are often too broad to be helpful. With that in mind, I have […]
How to Tell a Good Captive Insurance Company from a Sham—Part 6
By: Sean King, JD, CPA, MAcc Principal & In-House Counsel, CIC Services, LLC Question: If a business owner lacks “sophistication” regarding insurance and relies on a captive manager to operate a captive insurance company, is this evidence of a sham? Welcome to part 6 of my series, addressing naïve and misguided criticisms of small captive […]
Captivating Thinking
Knowledge is power. That’s why we’re always looking to educate business owners on the best practice when it comes to Captive Management. But we also want to give you the resources you need to guide you through the risk management process. In the CIC Services Knowledge Center, you can:
- Read about CIC in the news
- Learn about industry standards
- Stay up-to-date on upcoming events
Explore these resources and equip yourself for the future!
Cell Captives: Oversold and Misunderstood?
Much of the growth of the captive insurance industry is being driven by micro-captives, the type that serve small and mid-market businesses. And, some of that growth has resulted from increased use of “cell” captive structures—protected cell captives, incorporated cell captives, series cell captives and other varieties of cells. What is a cell captive?
CICA Issues THOUGHTFUL Guidance On Small Captives In Light Of Recent Attacks By The IRS
The Captive Insurance Company Association (CICA), the captive industry’s foremost domicile-neutral association recently released an important statement regarding small captive insurance companies that make an 831(b) tax election. The Information Statement was released on August 24, 2015 and emphasizes the importance
Breaking News! TN Captive Director Named Professional of the Year
We received very exciting news from the Tennessee Captive Insurance Association (TCIA) this week. As you are aware, CIC Services, LLC is a member of the TCIA and manages many captive insurance companies domiciled in Tennessee. In the past, I have noted that Tennessee is pro—business and pro small business, making it a great home […]
13 Easily Identifiable Signs of a Sham Captive Insurance Arrangement
By: Sean King, JD, CPA, MAcc Principal & In-House Counsel, CIC Services, LLC As I have noted in prior articles, “rules of thumb” offered up offhand by the IRS and certain others for distinguishing a “sham” captive transaction from a legitimate one are often too broad to be helpful. With that in mind, I have […]
How to Tell a Good Captive Insurance Company from a Sham—Part 6
By: Sean King, JD, CPA, MAcc Principal & In-House Counsel, CIC Services, LLC Question: If a business owner lacks “sophistication” regarding insurance and relies on a captive manager to operate a captive insurance company, is this evidence of a sham? Welcome to part 6 of my series, addressing naïve and misguided criticisms of small captive […]
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