#831b captives

[captived01-blog]

The “Group” part of a Risk Retention Group or rrg often consists of agents and brokers who have a pressing need for a type of insurance that is not readily available in the open market. For example, in many “inner city” areas of the USA, most insurance companies would prefer not to issue automobile liability insurance policies.

[captived01-blog]

Small Captive Insurance Companies, also known as IRC 831(b) companies or 831 b captives are occasionally recommended by Financial and Insurance Counselors, Tax Advisors and/or Estate Planners. They allow you to insure your own companies and keep for yourself the premium that has not been used for claims or operational expenses.