Course Information

Captive CE

Captives as Risk Retention Mechanisms

Overview

This course covers the concept of “cost of risk” (COR)—how to quantify, reduce, and manage it. It demonstrates how captive insurance can lower these costs, providing an overview of captives, their types, and their functions. The course also addresses tax and accounting issues affecting captives’ effectiveness in managing financial risk.

Summary Details

Price

$99.00

This course is not subject to discount pricing.

Save Time and Money with Additional Credit

Select all the additional credit you need and then add to cart

CPA ^{Add CPA CPE Credit to Your Course
States where the course is approved will appear in the drop down menu. Once the state is selected you will then see the approved credit hours and fee. Ordering at the time of purchase will allow you to complete one exam and receive certificates of completion for each of the state credits added.
National Registry ID: 109414}

INS ^{Add Insurance CE Credit to Your Course
Add insurance continuing education credit to your course for only a small additional charge. States where the course is approved will appear in the drop down menu. Once the state is selected you will then see the approved credit hours and fee. Ordering at the time of purchase will allow you to complete one exam and receive certificates of completion for each of the state credits added. Credits will be reported upon completion, where we report according to our reporting schedule for the state where credits are approved.}

Learning Objectives

recognize the risk management purpose of using a captive to finance an entity’s risks, identify the elements of captive insurance, and recognize why a captive can insure many types of risks
distinguish among various types of captive insurance companies
understand 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
recognize the ways in which captive insurance and other risk financing methods can smooth the financial impact of risk
identify factors considered in determining whether premiums paid to a captive are tax-deductible

Designed For:

Property and casualty risk, safety, insurance, finance, and accounting professionals

WebCE® 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. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

Course Information

Adding additional credit may change exam requirements.

Access Period:	12 months
Prerequisites:	A basic understanding of risk financing principles and how the insurance industry is structured
Advanced Preparation:	None
Delivery Method:	Self-Study
PDF Download:	Available
Provider of Record:	WebCE
Field of Study:	Specialized Knowledge
Last Reviewed:	January 2023
Study Level:	Intermediate
Approved For:

Exam

Proctor:	No
Passing Grade:	70
Questions:	50

At WebCE, we are passionate about delivering exceptional professional development solutions. With world-class customer support and education to serve multiple professions, we're here to help professionals reach their career goals.

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