831(b) Institute celebrates third anniversary

The 831(b) Institute is celebrating its third anniversary, celebrating three years of education, advocacy, and innovation within the 831(b) micro-captive insurance industry.  

Founded in 2023, the 831(b) Institute was established to educate business owners and industry professionals about 831(b) micro-captives and their role in helping small and mid-sized businesses manage unforeseen risks.

“As we mark our third anniversary on National Insurance Day, we are proud of the progress the Institute has made in advancing education and advocacy around 831(b) micro-captive insurance. This milestone reflects the growing need for risk management education and the importance of helping business owners better understand the tools available to protect their businesses, and we are excited for the work ahead,” said Dustin Carlson (pictured), president of the 831(b) Institute.

Over the past three years, advocacy and education have remained central to the Institute’s work and have produced several important milestones. The Institute has built and maintained a nationwide grassroots network dedicated to protecting and improving micro-captive insurance. Through this work, the Institute has received both national accreditation and local accreditations in Idaho, Utah, and Colorado from the National Association of Insurance Commissioners (NAIC), allowing the Institute to offer continuing education (CE/CPE) credits.

These accreditations have strengthened the 831(b) Institute’s educational outreach at conferences and through additional CE programming. In turn, that work helps captive managers, members of the broader captive community, small business owners, and CPAs better understand 831(b) micro-captive insurance, enterprise risk management, legislative developments, and compliance expectations while further solidifying the Institute’s role as a leading educational authority in the field.

“At a time when the mainstream insurance crisis and growing regulatory uncertainty continues to shape the conversation around micro-captive insurance, the Institute remains committed to advancing advocacy for common-sense reform,” said Carlson. “We believe business owners and professionals deserve a reliable plan for addressing fortuitous risks and protecting the future of their businesses, no matter what crisis comes next.”

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