21 September 2015Actuarial & underwriting

CICA conference to focus on micro-captives

The Captive Insurance Companies Association (CICA) has announced its upcoming webinar on October 6 will focus on micro-captives.

The association settled on the topic after a high response rate to its recent information statement regarding micro-captives. The webinar will be titled Doing Micro-Captives the Right Way and will be held from 12-1pm Central Time.

Dennis Harwick, CICA president, said:  “We’ve had a lot of interest in the information statement. As more mid-market companies consider using captive insurance as part of their risk management strategy, companies and their service providers are seeking the best information on structuring a micro-captive to achieve their business goals while avoiding the minefield of potential problems.”

Webinar speakers include Sean King, CIC Services; Chaz Lavelle, Bingham Greenebaum Doll; and Jeff Simpson, Gordon, Fournaris & Mammarella. They will provide guidance on effectively establishing the non-tax purpose of a micro-captive and clarify the risks and concerns when using a micro-captive.

They will also outline the business benefits of following best practice guidelines for coverages, premiums, risk management, governance, investments, and claims.

“These practices can be critical to distinguishing a micro-captive as a legitimate insurance company from IRS, regulatory and audit perspectives,” said Harwick, who will moderate the panel.

Webinar registration is free for CICA members.