Each year the IRS releases a list of tax avoidance schemes it intends to focus on for the upcoming year, and improper captive insurance company arrangements have made the list again for 2015.
The key aspects of captive insurance company problem areas named by the Service are: underwriting and actuarial substantiation for the insurance premiums paid are either missing or insufficient. Oxford Risk Management Group focuses on underwriting both internally and externally, offering expert, world-class risk management services by an independent industry-leading risk management firm. We also contract with respected actuarial firms to provide responsible, independent underwriting and pricing. Call us if you have any questions.