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.


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More on this story

news
15 November 2023   The next annual conference will be in Scottsdale, Arizona.
news
9 November 2023   Two open seats will need to be filled, the association said.
news
18 October 2023   The association is reaching out to prospective attendees who want booths at the event.