Captive Insurance
Explained

An interview being recorded in the studio
In conversation
Tennessee Department of Commerce and Insurance in conversation
Tennessee Department of Commerce and Insurance
Mark Wiedeman in conversation
Mark Wiedeman
Travis Wegkamp in conversation
Travis Wegkamp
Matt Queen in conversation
Matt Queen

Full episodes

Captive Insurance in Tennessee

Mark Wiedeman, Director, Captive Insurance Section, Tennessee Department of Commerce and Insurance

11 questions · 27m →

Captive Insurance in Utah

Travis Wegkamp, Director, Captive Insurance Division, Utah Insurance Department

13 questions · 40m →

Matt Queen

Captive Insurance Attorney, author of Modern Captive Insurance

15 questions · 55m →

Jack Meskunas

Managing Director, Oppenheimer

8 questions · 55m →

Captive Insurance in Connecticut

Fenhua Liu, Assistant Deputy Commissioner and Director of Captive Insurance, Connecticut Insurance Department

11 questions · 28m →

From our conversations

What should you do before you form a captive?

Tennessee Department of Commerce and Insurance · Captive Insurance Section, State of Tennessee

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What do first time captive owners get wrong about being regulated?

Mark Wiedeman · Director, Captive Insurance Section, Tennessee Department of Commerce and Insurance

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Are real estate captives common in Utah?

Travis Wegkamp · Director, Captive Insurance Division, Utah Insurance Department

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Are captives here to stay?

Matt Queen · Captive Insurance Attorney, author of Modern Captive Insurance

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Can a captive go dormant instead of shutting down?

Utah Insurance Department · Captive Insurance Division, State of Utah

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What is IBNR, and why does it matter for a captive?

Jack Meskunas · Managing Director, Oppenheimer

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Capital & investments

How does money come back out of a captive to the parent company?Where does a dollar of insurance premium actually go?What is insurance float, and how does a captive use it?What happens to premium after it enters a captive?What goes into designing a captive's investment strategy?

Structure & fit

What should you do before you form a captive?What kinds of captives and coverages are being formed in Tennessee?What does it cost to run a captive in Tennessee each year?Are real estate captives common in Utah?Are captives here to stay?Should you write your own captive insurance policy?Can a captive insure a risk the standard market will not cover?What does it cost to run a captive insurance company each year?What is the biggest misunderstanding about captive insurance?What is a risk retention group, and how is it different from a captive?What goes wrong inside a group captive?What kinds of businesses do captives work best for?Who is a group captive not right for?How does a captive's domicile affect what it can invest in?What should you do before you form a captive?Does a regulator treat a real estate captive differently?What is a protected cell captive and who uses one?How is a group captive different from simply self-insuring?

Claims & resilience

Can your own captive deny your claim?Does a fronting carrier make a captive policy safer?Why does a captive change how a CEO handles risk management?What is IBNR, and why does it matter for a captive?What happens if a captive faces large claims during a market crash?

Tax & regulation

Should a captive ever be set up as a tax strategy?Why has the IRS fought captive insurance for so long?What legally makes a captive an insurance company and not just a savings account?

Domicile & licensing

What do first time captive owners get wrong about being regulated?How do you pause, close or move a captive out of a state?How does a regulator decide whether a captive can pay a dividend?What does a captive have to file with the state each year?Do a captive's service providers have to be based in Tennessee?What are the minimum capital requirements for a captive in Tennessee?What does a regulator look for before approving a captive?Why would a captive choose to domicile in Tennessee?Can a captive go dormant instead of shutting down?What do first time captive owners get wrong about being regulated?Can you sell a captive insurance company along with the business?What happens to a captive when the business shuts it down?How does a regulator decide whether a captive can pay a dividend?What does a regulator look at in a captive's annual report?Do a captive's service providers have to be located in Utah?What are the minimum capital requirements for a captive in Utah?What makes a captive insurance application get rejected?How does a regulator assess a captive's reinsurance?How do you pause, close or move a captive out of a state?Is it hard to get a captive dividend approved?What does a captive have to file with the state each year?What service providers does a captive need?What are the minimum capital requirements for a captive?What does a regulator look for before approving a captive?Why would a captive choose to domicile in Connecticut?How do you start a captive insurance company in Utah?Are all state captive insurance domiciles the same?
What should you do before you form a captive?What do first time captive owners get wrong about being regulated?What kinds of captives and coverages are being formed in Tennessee?How do you pause, close or move a captive out of a state?How does a regulator decide whether a captive can pay a dividend?What does a captive have to file with the state each year?Do a captive's service providers have to be based in Tennessee?What does it cost to run a captive in Tennessee each year?What are the minimum capital requirements for a captive in Tennessee?What does a regulator look for before approving a captive?Why would a captive choose to domicile in Tennessee?Are real estate captives common in Utah?Are captives here to stay?Should you write your own captive insurance policy?Can your own captive deny your claim?Can a captive insure a risk the standard market will not cover?Can a captive go dormant instead of shutting down?What do first time captive owners get wrong about being regulated?Can you sell a captive insurance company along with the business?What happens to a captive when the business shuts it down?How does a regulator decide whether a captive can pay a dividend?What does a regulator look at in a captive's annual report?Do a captive's service providers have to be located in Utah?What does it cost to run a captive insurance company each year?What are the minimum capital requirements for a captive in Utah?What makes a captive insurance application get rejected?Does a fronting carrier make a captive policy safer?What is the biggest misunderstanding about captive insurance?What is a risk retention group, and how is it different from a captive?What goes wrong inside a group captive?Should a captive ever be set up as a tax strategy?How does money come back out of a captive to the parent company?Why has the IRS fought captive insurance for so long?Why does a captive change how a CEO handles risk management?Where does a dollar of insurance premium actually go?What kinds of businesses do captives work best for?What legally makes a captive an insurance company and not just a savings account?What is IBNR, and why does it matter for a captive?Who is a group captive not right for?What happens if a captive faces large claims during a market crash?What is insurance float, and how does a captive use it?How does a captive's domicile affect what it can invest in?What should you do before you form a captive?How does a regulator assess a captive's reinsurance?Does a regulator treat a real estate captive differently?What is a protected cell captive and who uses one?How do you pause, close or move a captive out of a state?Is it hard to get a captive dividend approved?What does a captive have to file with the state each year?What service providers does a captive need?What are the minimum capital requirements for a captive?What does a regulator look for before approving a captive?Why would a captive choose to domicile in Connecticut?How do you start a captive insurance company in Utah?Are all state captive insurance domiciles the same?How is a group captive different from simply self-insuring?What happens to premium after it enters a captive?What goes into designing a captive's investment strategy?