Risk Services will guide you through the domicile selection process

Many factors go into choosing the right domicile for a new captive insurance program. Browse through the statistics below for insight on the primary captive domiciles or reach out for further guidance on finding the right domicile for your insurance needs.

Initial Passing of Captive Legislation – 2006

Risk Services Approved Captive Manager Since – 2018

Approved Captive Types / Minimum Capital & Surplus –

  • Single parent captive
    $100,000
  • Association captive
    $500,000
  • Industrial insured captive
    $500,000
  • Risk Retention Group
    $500,000
  • Reinsurance Captive
    $10,000
  • Reciprocal Captive
    $1,000,000

Number of Captives (as of 2017) – 50

Initial Passing of Captive Legislation – 2002

Risk Services Approved Captive Manager Since – 2003

Approved Captive Types / Minimum Capital & Surplus –

  • Single parent captive
    $250,000
  • Group captive
    $500,000
  • Agency captive
    $500,000
  • Risk Retention Group
    $500,000
  • Protected cell captive
    $500,000

Number of Captives (as of 2017) – 114

Initial Passing of Captive Legislation – 1984, rewritten in 2005

Risk Services Approved Captive Manager Since – 2007

Approved Captive Types / Minimum Capital & Surplus –

  • Single parent captive
    $250,000
  • Association captive
    $750,000
  • Risk Retention Group
    $1,000,000
  • Sponsored captive
    $500,000
  • Agency Captive
    $500,000          

Number of Captives (as of 2017) –    1,279 including Series captives

Initial Passing of Captive Legislation – 2000 and rewritten in 2004

Risk Services Approved Captive Manager Since – 2001

Approved Captive Types / Minimum Capital & Surplus –

  • Single parent captive     
    $250,000
  • Association captive – Mutual
    $600,000
  • Association captive – Stock
    $400,000
  • Risk Retention Group
    $400,000
  • Sponsored or leased capital captive

Number of Captives (as of 2017) – 138

Initial Passing of Captive Legislation – 1987

Risk Services Approved Captive Manager Since – 1990

Approved Captive Types / Minimum Capital & Surplus –

  • Single parent captive – reinsurance
    $100,000
  • Single parent captive – other
    $250,000
  • Association captive
    $500,000
  • Risk Retention Group
    $500,000
  • Sponsored or leased capital captive
    $1,000,000
  • Reinsurance or excess captive – Set by Commissioner             

Number of Captives (as of 2017) – 222

Initial Passing of Captive Legislation – 2001

Risk Services Approved Captive Manager Since – 2006

Approved Captive Types / Minimum Capital & Surplus –

  • Single parent captive
    $250,000
  • Association captive
    $500,000
  • Industrial insured captive
    $500,000
  • Special purpose captive
    TBD by Commissioner
  • Protected cell captive
    $500,000
  • Special purpose series LLC captive
    $50,000 in the core and not less than a 4-to-1 premiums to surplus ratio in each series business unit.
  • Reinsurance captive
    Half the capital requirement for same type of direct-writing captive

Number of Captives (as of 2017) – 186

Initial Passing of Captive Legislation – 1999

Risk Services Approved Captive Manager Since – 1999

Approved Captive Types / Minimum Capital & Surplus –

  • Single parent captive
    $200,000
  • Association captive
    $500,000
  • Risk Retention Group
    $500,000
  • Agency captive
    $600,000
  • Rental captive
    $800,000
  • Sponsored captive
    $500,000

Number of Captives (as of 2017) – 200

Initial Passing of Captive Legislation – 2013

Risk Services Approved Captive Manager Since – 2015

Approved Captive Types / Minimum Capital & Surplus –

  • Single parent captive
    $250,000
  • Association captive
    $500,000
  • Industrial insured captive
    $500,000
  • Risk Retention Group
    $1,000,000
  • Protected cell
    $250,000
  • SPFC                     
    $250,000
  • Special purpose
    $250,000

Number of Captives (as of 2017) – 217

Initial Passing of Captive Legislation – 2000

Risk Services Approved Captive Manager Since – 2003

Approved Captive Types / Minimum Capital & Surplus –

  • Single parent captive
    $250,000
  • Branch captive
    $250,000
  • Special purpose financial captive
    TBD by commissioner
  • Risk Retention Group
    $500,000
  • Association captive
    $750,000
  • Sponsored captive
    $250,000
  • Special purpose captive
    Set by Commissioner

Number of Captives (as of 2017) – 163

Initial Passing of Captive Legislation – 1978, rewritten in 2011

Risk Services Approved Captive Manager Since – 2014

Approved Captive Types / Minimum Capital & Surplus –

  • Single parent captive 
    $250,000
  • Special purpose financial captive
    $250,00
  • Group captive – industrial insured
    $500,00
  • Association captive
    $500,00
  • Protected cell captive
    $250,000
  • Risk Retention Group
    $1,000,000

Number of Captives (as of 2017) – 161

Initial Passing of Captive Legislation – 1981

Risk Services Approved Captive Manager Since – 1981

Approved Captive Types / Minimum Capital & Surplus –

  • Single parent captive
    $250,000
  • Association captive
    $500,000
  • Industrial insured captive
    $500,000
  • Agency captive
    $500,000
  • Risk Retention Group
    $1,000,000
  • Sponsored captive
    $100,000

Number of Captives (as of 2017) – 1,112

Initial Passing of Captive Legislation – 1978

Risk Services Approved Captive Manager Since – 1995

Approved Captive Types / Minimum Capital & Surplus –

  • Class 1 – single parent
    $120,000
  • Class 2 – group
    $250,000
  • Class 3 – more than 20% 3rd party business
    $1,000,000

Number of Captives (as of 2017) – 1,140

Initial Passing of Captive Legislation – 1989

Risk Services Approved Captive Manager Since – 2013

Approved Captive Types / Minimum Capital & Surplus –

  • General Insurer
    $100,000
  • Long term/Life
    $180,000

Number of Captives (as of 2017) – 66