Insurance in the captive setting.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on April 1, 1992. The length of the article is 1500 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The Tax Court has decided three captive insurance cases - insurance companies that insure both related and unrelated insureds. In these cases the court allowed deductions the IRS had disallowed and detailed a three-part test which must be met for premiums paid by businesses affiliated with the captive insurance company to be deductible. The three required elements are that an insurance risk must be present, risk shifting and distribution must take place, and the transaction engaged in must fit what the business normally defines as insurance.

Citation Details
Title: Insurance in the captive setting.
Author: Michael J. Cuddy
Publication:The Tax Adviser (Magazine/Journal)
Date: April 1, 1992
Publisher: American Institute of CPA's
Volume: 23 Issue: n4 Page: 230(3)

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