WMS, LLC is a leading provider of turnkey Captive Insurance Services and Solutions, offering tailored insurance programs to mid-sized Insurance Agencies, Associations, and businesses. With a comprehensive menu of captive services, including planning, feasibility studies, domicile selection, formation licensing, management, underwriting, and compliance reporting, WMS assists clients in reducing premiums, improving coverage availability, and economically insuring risk exposures that are challenging to cover through traditional insurance markets.
WMS, LLC advises clients to consult with independent licensed attorneys and CPAs who specialize in insurance and tax laws before engaging in any captive insurance transactions or arrangements. The company also recommends clients request an IRS Letter Ruling to determine the specific federal tax treatment their captive and its affiliated insureds will receive, reducing potential tax risks associated with owning and operating a Captive Insurance Company.
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