Reply To: Welcome SMC members

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Big V

I think your comments on the captive insurance companies pitch are spot on. Unless you were trying to set up some sort of bogus tax dodge, I don’t think one would find the advice given by SMC to be particularly useful. I am in the transportation business and looked into a captive a few years ago as a way not to write high six figure insurance payments every year. Basically, it was hard to do and for openers would require me to post $6 million or so in capital with the state insurance commission.