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© 2024 by Reinsurance Specialties   

PORC insurance and alternative risk transfer planning involves sophisticated insurance and risk management issues, regulatory and corporate legal issues, federal, state and usually international tax issues, and a wide range of accounting and financial issues. This planning is specific to each set of circumstances. It is not appropriate to apply general information described herein to any particular situation. The formation of a captive is a part of a client’s implementation of alternative risk transfer planning, and is dwarfed by its ongoing operations. As a result, this planning should not be undertaken without a competent team of professionals who have extensive experience in alternative risk transfer planning.

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The information herein is general in nature, and may not be relied on for any specific use. The content herein (including graphics) does not purport to show all details and complexity in establishing a compliant alternative risk transfer program. Reinsurance Specialties™ is not engaged in rendering legal services or advice.

 

Disclosure under IRS Circular 230: The information and services offered are not intended to and do not comply with the U.S. Treasury Department’s technical requirements for a formal legal opinion, and cannot be used by a taxpayer to avoid any penalty that might be imposed on a taxpayer. Nothing herein may be used in promoting, marketing or recommending an investment plan or arrangement.

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