Michael Maglaras & Company specializes in physician and hospital medical professional and general liability, long-term care and assisted living, workers’ compensation, product liability, and all forms of the self-insurance of employee benefit programs.
Testing feasibility, however, is not an esoteric, complicated, or arcane exercise. Rather, it is an exercise in the examination of the size of an existing insurance portfolio, the past claims history within that portfolio, and the organization’s ability to retain risk. It is also never and should never become an exercise aimed at the avoidance of paying appropriate tax or creating what is essentially a fictional insurance transaction. Lastly, contrary to conventional wisdom, there is no “natural” domicile for any class of business underwritten through a captive, such as medical professional liability: well-financed and correctly formed captives are welcomed in all domiciles and by all forward-thinking regulators.