https://www.insurerbrain.com/w/index.php?action=history&feed=atom&title=Definition%3ASeries_LLC 2026-04-29T06:59:52Z Revision history for this page on the wiki MediaWiki 1.43.8 https://www.insurerbrain.com/w/index.php?title=Definition:Series_LLC&diff=11823&oldid=prev 2026-03-12T00:50:35Z

<p>Bot: Creating new article from JSON</p> <p><b>New page</b></p><div>🔗 &#039;&#039;&#039;Series LLC&#039;&#039;&#039; is a limited liability company structure that allows the creation of multiple segregated &quot;series&quot; under a single legal entity, each with its own assets, liabilities, members, and business purpose — a design that has found growing application in [[Definition:Insurance | insurance]] and [[Definition:Captive insurance company | captive insurance]] contexts. In the insurance world, the structure is particularly attractive for [[Definition:Protected cell company (PCC) | cell-like]] arrangements where distinct risk pools or programs need legal separation without the cost and administrative burden of forming entirely separate companies.<br /> <br /> ⚙️ Each series within the LLC operates with statutory liability shields: the debts and obligations of one series generally cannot be enforced against the assets of another, provided proper record-keeping and segregation are maintained. Several U.S. states — notably Delaware, Illinois, and Nevada — have enacted series LLC statutes, and some [[Definition:Domicile | domiciles]] have adapted them for captive insurance use. A [[Definition:Captive insurance company | captive]] organized as a series LLC can house separate programs for different [[Definition:Line of business | lines of business]], subsidiaries, or even unrelated third-party risks, with each series maintaining its own [[Definition:Reserve | reserves]], [[Definition:Surplus | surplus]], and [[Definition:Reinsurance | reinsurance]] arrangements. The [[Definition:Captive manager | captive manager]] and [[Definition:State insurance regulator | regulators]] oversee the umbrella entity while evaluating each series on its own financial merits.<br /> <br /> 💡 The appeal of the series LLC lies in efficiency: it avoids the proliferation of separate corporate filings, registered agents, and annual fees that would accompany individual entity formation for each program. However, the structure carries nuances that require careful navigation. Not all states recognize the internal liability barriers of a series LLC formed in another jurisdiction, and [[Definition:Tax | tax]] treatment — particularly at the federal level — remains an area where guidance is still evolving. For insurance professionals evaluating risk-financing vehicles, the series LLC sits alongside [[Definition:Protected cell company (PCC) | protected cell companies]] and [[Definition:Incorporated cell company (ICC) | incorporated cell companies]] as a tool for achieving asset segregation, and the choice among them often depends on the applicable [[Definition:Domicile | domicile&#039;s]] statutory framework and the specific needs of the insured parties involved.<br /> <br /> &#039;&#039;&#039;Related concepts:&#039;&#039;&#039;<br /> {{Div col|colwidth=20em}}<br /> * [[Definition:Captive insurance company]]<br /> * [[Definition:Protected cell company (PCC)]]<br /> * [[Definition:Incorporated cell company (ICC)]]<br /> * [[Definition:Domicile]]<br /> * [[Definition:Risk retention group (RRG)]]<br /> * [[Definition:Special purpose vehicle (SPV)]]<br /> {{Div col end}}</div>

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