Capstone's Turnkey Services

Capstone's range of work extends from an initial analysis and preparation of a feasibility study to the maintenance of the insurer's ongoing operations and even to the ultimate shut down of the captive and everything in between. Unless otherwise noted in your engagement letter, all services listed below are included in Capstone's usual turnkey pricing.
 

Under the turnkey agreement, the Capstone Team provides:

Captive Insurance Company Set Up
  • Initial Analysis and Completion of a Formal Feasibility Study
  • Domicile Selection and Applications Including Multi-Year Financial Forecasts for the Proposed Captive
  • Design and Implementation of Captive Ownership Structure
  • Formation and Organization of New Corporate Entities
  • Maintenance of Proper Corporate Records and Adherence to Good Corporate Housekeeping
  • Work with Banks to Set Up New Accounts
  • Underwrite and Manuscript Insurance Policies
  • Verification of Policy Pricing with Third Party Underwriters and Risk Managers
  • Completion of  Regulatory Filings
  • Payment of  Regulatory Fees
  • Contract With and Compensate All Third Party Consultants
  • Arrange Third Party Reinsurance
  • Arrange Reinsurance Pooling of Risks Otherwise Retained by the Captive
  • Preparation of Standard Financing Documents
  • Work with Lenders to Coordinate Loans from the Captive with the Prospective Borrower's Existing Financing
OnGoing Captive Management
  • Prepare Regulatory Filings for Your Review and Approval
  • Ongoing Interface with the Captive Domicile's Supervisor of Insurance, the United States IRS, and Other Taxing and/or Regulatory Authorities
  • Captive Accounting - Prepare Quarterly Financial Statements, Monthly Bank Reconciliation, Document and Monitor Loan Activity, Etc.
  • Manage Ongoing Lending Relationships in Accordance with Good Commercial Standards
  • Maintenance of Proper Corporate Records and Adherence to Good Corporate Housekeeping
  • Pay All Regulatory and Audit Fees
  • Loss Handling/Claims Processing
  • Annually Underwrite and Manuscript Insurance Policies
  • Verification of Policy Pricing with Third Party Underwriters and Risk Managers
  • Periodic Domicile Solvency Margin Analysis
  • Periodic Loss Reserve Analysis
  • Annual Audit Through Independent Third Party Auditor for the Domicile
  • Assist Your CPA in Preparation of the Captive's Tax Returns
  • Contract with and Compensate All Third Party Consultants
  • Arrange Third Party Reinsurance
  • Arrange Reinsurance Pooling of Risks Otherwise Retained by the Captive
  • Monitor and Respond to Legislation and Regulatory Pronouncements
  • Monitor and Implement Options for Optimizing the Benefits from the Captive Planning
  • Captive Shut Down and Wind Up Activities

Additional Captive Services are at our standard hourly rates.

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CAPSTONE ASSOCIATED SERVICES, LTD.
The Galleria Post Oak Tower
5051 Westheimer, Suite 1875
Houston, TX 77056-5604
713/850-0550 Fax: 713/623-0329
info@CapstoneAssociated.com

Alternative Risk Planning for the Middle Market