International Center for Captive Insurance Education


Captive Board Governance


5 CPE credits are available for the the successful completion of this course.


This three session elective course examines corporate governance from the perspective of the board of directors of captives and risk retention groups. The duties and roles of members of captives and risk retention boards are increasing with greater responsibility and liability being placed on the board. Students including those considering becoming a board member, those already on boards as well as those recently approved as a board member by regulators will learn the duties, responsibilities and rights of a corporate director, board structure, operations, interaction with management and counsel and committee structure and involvement. During the course they will gain an understanding of the role of an independent board member, board oversight activities, qualifications for board service, directors and officer’s liability issues, ethical considerations, applicable federal laws, personal liability and indemnification. Special emphasis will be given to traditional material for the interest of those who might be serving on an insurance company board for the first time.


Students through interaction and working together with other students who are experienced captive, attorneys, accountants, regulators and other service providers will have the opportunity to learn from each other and how these other service providers service the captive and also are a resource for board members.

Using a series of board operation case studies involving real life situations, participants will engage with their peers and instructors to determine the board best practices. Students will also gain an understanding of onshore and offshore best practices in corporate governance relating to captives and RRGs. Further items covered in this course include,


Next Offering -Fall 2015

Online Course

Instructors: Wendy Fisher, Jason Flaxbeard and Joe Holahan

In addition to self-paced reading and assignment work, students will be required to attend three webconference sessions and complete two weeks of follow up assignments.

Registration Deadline: November 12, 2015

Webconference one, Thursday, November 19th, 2:30 - 3:45 pm EST

Webconference two, Thursday, December 3rd, 2:30 - 3:45 pm EST

Webconference three, Thursday, December 10th, 2:30 - 3:45 pm EST

Office Hour, Thursday, December 17th, 2:30 - 3:30 pm EST

For further details please contact at ICCIE at 802-651-9050.