August 13 2018

Nate Reznicek ACI To Chair Conference Session At NCCIA

CIC Services Director Of Operations, Nate Reznicek, ACI will be chairing a Conference Session at the North Carolina Captive Insurance Association Conference on August 20-22 in Charlotte, NC. Don’t miss this opportunity to hear Nate speak or to meet members of CIC Services, LLC in Charlotte, NC next week.

Nate’s session is titled:

Goldilocks And The Three Domiciles

Finding the Domicile That’s JUST RIGHT For your Captive Program

Meet the bears. Here are Mr. Bear, Mrs. Bear and Baby Bear, one of seventeen animal families in a Victorian card game called Noah’s Ark, a sort of ‘Happy families’. They are original, by the manufacturer Thomas de la Rue, from a pack recently found in a very old attic. They are printed by chromolithography, the print method of the time.

The session description is below:

What are the attributes of a domicile that is JUST RIGHT for your captive program? 90% of the Fortune 500 own one or more captives. Many domiciles that regulate these large captives owned by massive companies are used to bureaucracy and dealing with teams of lawyers. For many captive programs such domiciles are like Pappa Bear – Too Hard (and costly). Let’s face it, most companies setting up captives today aren’t Fortune 500 or similar in size – so Pappa Bear isn’t a good choice for most. Is it possible for domiciles to be like Mama Bear and be Too Soft? It sure is, and domiciles that are too soft can leave captives vulnerable as evidenced in the recent Avrahami and Reserve Mechanical cases. The goal is to find a domicile for your captive program like Baby Bear – Just Right. This session will discuss the attributes of domiciles that are Too Hard, Too Soft and Just Right.

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