Description

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Many Fortune 500 companies, as well as mid-sized and small businesses and tax-exempt organizations, participate in captive insurance structures. To help lawyers decipher the intricacies of captive insurance, this guidebook begins with a discussion of types of captives and addresses how to approach whether a captive makes sense for a business owner.

The book focuses on various aspects of the captive's operation and management--from taxation, special uses, and regulation to eventual exit and potential tax litigation issues. Captive insurance covers legal and non-legal practice areas such as taxation (domestic, foreign, state, and local), insurance (regulatory, coverage, and reinsurance), securities, commercial transactions, employee benefits, tax controversy, actuarial science, underwriting, and more.

Written by seasoned professionals with varying areas of expertise, Captive Insurance Deskbook for the Business Lawyer includes discussion on:

• Various types of captives
• Captive insurance company feasibility
• Using a captive to fund employee benefits and the advantages of placing them in captives
• Corporate counsel's role with captives and managing conflicts of interest
• The role of the domicile regulator
• IRS examination of captive insurance
• And much more
  

About the Author

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David J. Slenn is a partner in the Tampa, Florida, office of Shumaker, Loop & Kendrick, LLP. He concentrates his practice in tax, estate, and business planning with an emphasis on risk mitigation. He helps business owners from various industries, small to publicly-held, with decisions related to captive insurance feasibility, operational issues, tax audit exposure, as well as exit options and strategies.