Understanding The 831(b) Tax Code

Tax Deferred Risk Mitigation for Business:

This course examines how a business can use a micro captive as an alternative risk finance solution for Enterprise Risk Management and Safe Harbor risks. It discusses the tax and accounting implications of captives, the type of fortuitous risks that can be included, domicile options available, and how reinsurance is applied.

Program Overview

  • Taxes - Technical 1.0 CPE Credits

  • Management Services – Technical, Enterprise Risk Management 1.0 CPE Credits

Participants Will Earn 2.0 CPE Credits

Who Should Attend?

The structure of these courses are best suited for professionals in the fields of finance, accounting, property and casualty risk, safety, and insurance professionals. This is an entry-level course for education on 831(b) micro captives.

Upon completion, students will be able to…

  • Recognize

    Recognize the benefits, risks, and opportunities of using a captive to finance an entity’s risks, identify the aspects of a micro-captive, and recognize the types of risks that can be included in the program.

  • Identify

    Identify factors to be considered in evaluating the cost of risk and recognize the various ways in which the costs of financing risks through a captive can be lower than the costs of commercial insurance or self-insurance plans.

  • Acknowledge

    Acknowledge the federal requirements that must be met for a microcaptive to qualify as an insurance company for tax purposes.

  • Understand

    Understand the contribution and distribution requirements of the captive and the administration functions, including required filings.

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SPONSORED BY THE 831(B) INSTITUTE

Course Information

Prerequisites: None

Advanced Preparation: None

Program Level: Basic

Instructional Delivery Methods:

  • Group Live

The 831(b) Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org