Captive Insurance Companies 101: Creation, qualifications, and concerns


CLE credits earned: 2 General Credits (WA 2 Law and Legal)

This program will outline what a captive is, the reasons for creating one, who makes a good captive candidate, what coverage qualifies for a captive program, and, perhaps just as importantly, why you should be cautious. We will discuss the most recent tax cases involving the “831(b)” election and walk you through what to look for in working with your clients as well as why it is so important to create the proper captive foundation.

This course is co-sponsored with myLawCLE.

Key topics to be discussed:

•  What a captive is
•  The reasons for creating one
•  Who makes a good captive candidate
•  What coverage qualifies for a captive program
•  Why you should be cautious

Date / Time: June 11, 2021

•   2:00 pm – 4:10 pm Eastern
•   1:00 pm – 3:10 pm Central
•   12:00 pm – 2:10 pm Mountain
•   11:00 am – 1:10 pm Pacific

Choose a format:

•   Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
•   On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 5 business days after the original recording date and are view-able for up to one year.
Closed-captioning available

Select your state to see if this class is approved for CLE credit.

Choose the format you want.


Original Broadcast Date: June 11, 2021

Jerry D. Messick, ACI | Elevate Risk Solutions LLC

Jerry has over 37 years’ experience in the insurance and alternative risk transfer industry and is a principal and CEO for Elevate Risk Solutions. With operations in Arizona, Delaware, Oklahoma, Hawaii and New York, Elevate is a captive and alternative risk consulting and risk solution services firm that focuses on multiple industries and trade groups, as well as providing comprehensive enterprise risk management services to companies ranging from $20million to $2billion in assets.
Prior to becoming CEO of Elevate, Jerry was with a national provider of alternative risk services since 1985, where he held senior management positions with responsibility for loss control, marketing, finance, and insurance company operations. Jerry was heavily involved with updating the legislation in Oklahoma governing captives. In his position with Elevate, he is an approved captive and traditional insurance company manager in multiple jurisdictions, both onshore and off.
Jerry surrounds his personal life with his wife Kristin and 4 boys. He is a licensed pilot, scuba diver, and nationwide competitor in action pistol shooting. Jerry currently serves as Past-Chairman of the Board for the Oklahoma Youth Orchestras, Founding Member and Past President of the Oklahoma Captive Insurance Association, owner of Unity Investigations, a private investigation agency focusing on nonprofit organizations, Chairman of the Captive Committee of the Self Insurance Institute of America (SIIA), faculty member of, and is actively involved as a speaker and participant on various committees for both captive trade associations and nonprofit entities.

Ryan B. Ralston | Elevate Risk Solutions LLC

Ryan is an experienced industry leader in risk management and insurance. He has served as past Director of Risk Management at Whirlpool Corporation and as Risk Manager at Koch Industries, The Boeing Company and ICM Inc. Ryan has lead organizations to develop and implement global risk management strategies, including the placement of insurance, negotiation and interpretation of coverage, self-insurance analysis, enterprise risk management process, claim management, actuarial reserve analysis and accounting impact, captive set-up and management, and broker relations. Ryan has participated on due diligence teams and with the integration of major acquisitions. He has been a frequent speaker at RIMS and CICA for risk management, captives, and leadership topics.

Ryan now consults with company owners and service providers, serving as Elevate’s Managing Director of Risk Management, to bring proven risk management thinking and strategy to growing companies interested in building a better model to manage and fund risk. His mission is to help business leaders make well informed risk management and insurance decisions, leading to higher profits and tactical risk taking.

Ryan offices out of Wichita, Kansas where he enjoys time with his wife and their 7 boys. He is active in his community with Boy Scouts and as a hobby farmer. Ryan has participated on many insurance and reinsurance company advisory boards and as a speaker at RIMS (Risk & Insurance Management Society) and CICA (Captive Insurance Company Association), where he served on the board for six years.

Accreditation Policy
myLawCLE seeks accreditation for all programs in all states except, ME, VA, and WV. Each attending attorney/paralegal will receive a certificate of completion following the close of the CLE program as proof of attendance. In required states, myLawCLE records attorney/paralegals attendance, in all other states attorney/paralegal is provided with the approved CLE certificate to submit to their state bar or governing association.

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Many states allow for credit to be granted on a 1:1 reciprocal basis for courses approved in another mandatory CLE jurisdiction state. This is known as a reciprocity provision and includes the following states: AK, AR, HI, CT, FL, ME, MO, MT, ND, NM, NJ, and NY. myLawCLE does not seek direct accreditation of live webinars or teleconferences in these states.

I. What a captive is 2:00-2:24
II. The reasons for creating one 2:24-2:48
III. Who makes a good captive candidate 2:48-3:02
IV. Break 3:02-3:12
V. What coverage qualifies for a captive program 3:12-3:36
VI. Why you should be cautious 3:36-4:10