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Tax Planning with Captive Insurance Companies (Flash Drive)


Self-study hours are logged by the listener and the one page list is kept in an MCLE compliance folder. The log requires a listing of each program title, the program's approved MCLE provider name, program length, and whether or not that program contains mandatory subfield credit (legal ethics, elimination of bias, or prevention of substance abuse.)

Participatory hours require a proctor (any adult who is not simultaneously using the same program for participatory credit) to complete and sign documents accompanying each participatory program. Those completed and signed documents are subsequently returned to Versatape and individual certificates of compliance are prepared and returned to the listener to be filed in a MCLE compliance folder. Versatape will also keep a copy of the certificates of compliance on file. If audited the State Bar will be looking for a copy of those completed certificates of compliance and a copy of the self -study hours log.

Note: Please note MCLE audio program hours listened to in excess of 25 hours in a 3-year compliance period cannot be carried over into the next 3-year cycle.

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How They Work

MCLE: 1 hour 

Captive Insurance: Avoiding the Risks 

The hazards are real, but so are the rewards. Captive insurance entities offer a vehicle to self-insure that can be especially cost and tax effective. Implementation and legal structure are often poorly understood, their financial rewards can be very attractive. Some professionals recommend while others are wary of getting their clients involved in creating a captive, knowing that the IRS closely scrutinizes them. 

This program describes how to structure and manage a captive to avoid IRS challenges. 

  • The Allure to self-insure 
  • The IRS’s skepticism 
  • Avrahami and lessons learned 
  • Microcaptives and notice 2016-66 
  • Contract coverage 
  • Amounts paid to, management of, and capitalization of a captive 
  • Standard industry practice 
  • Rewards for correct formation and operation 

Program materials included. Speakers: Philip Garrett Panitz, Esq., LL,M.  Recorded October 16, 2018. MCLE credit: 1 hour 

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Programs by MCLE Approved Providers:

San Fernando Valley Bar Association (#451)

Pasadena Bar Association (#531)

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