This course examines the structure of and the basic legal principles underlying a captive insurance company, which operates within and provides insurance coverage for a controlled group of corporations of which it is a member. In addition to providing a basic knowledge of the law surrounding captive insurance, the course will examine the unique role of a captive insurance company within this controlled corporate group, the evolving nature of enterprise risks that can be insured by a captive insurance company, its special tax position within such group, and the legal and corporate factors which differentiate a captive insurance company from a traditional insurer.