12/05/21

Using Protected And Incorporated Cells To Provide Captive Insurance: Benefits And Considerations

Over the past decade, captive insurance has become an increasingly popular method for individuals and corporations to insure against risks for which coverage is either unavailable or unaffordable on the commercial market. In particular, protected cell and incorporated cell companies have been increasingly utilised by small and mid-sized insureds to obtain entry into the captive market. At the same time, the IRS has begun looking at certain micro-captive transactions with a jaundiced eye and has ramped up enforcement against captive arrangements it views as abusive.

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