The 831(b) Institute marks its third anniversary on National Insurance Day, 28 June, citing three years of education and advocacy within the 831(b) micro-captive insurance industry. Founded in 2023, the Institute was established to educate business owners and industry professionals about 831(b) micro-captives and their role in helping small and mid-sized businesses manage unforeseen risks. Over the period, the Institute has built a nationwide grassroots network focused on protecting and improving micro-captive insurance. It has secured national accreditation and local accreditations in Idaho, Utah and Colorado from the National Association of Insurance Commissioners (NAIC), enabling it to offer continuing education (CE/CPE) credits. The Institute says these accreditations have strengthened its educational outreach at conferences and through additional CE programming, helping captive managers, the broader captive community, small business owners and CPAs better understand 831(b) micro-captive insurance, enterprise risk management, legislative developments and compliance expectations. Dustin Carlson, president of the 831(b) Institute, says: "As we mark our third anniversary on National Insurance Day, we are proud of the progress the Institute has made in advancing education and advocacy around 831(b) micro-captive insurance. This milestone reflects the growing need for risk management education and the importance of helping business owners better understand the tools available to protect their businesses, and we are excited for the work ahead." Carlson adds: "At a time when the mainstream insurance crisis and growing regulatory uncertainty continues to shape the conversation around micro-captive insurance, the Institute remains committed to advancing advocacy for common-sense reform. We believe business owners and professionals deserve a reliable plan for addressing fortuitous risks and protecting the future of their businesses, no matter what crisis comes next."
