Your Primary Domicile Options
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.
Alabama
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
Arizona
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
Delaware
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
District of Columbia
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
Hawaii
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
Montana
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
Nevada
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
North Carolina
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
South Carolina
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
Tennessee
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
Vermont
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
Bermuda
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
Turks and Caicos
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
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Contact UsRogerisms
“Many prospects are lost in the captive wilderness. First we have to get you to the starting line, so we can get you to the finishing line.”
Due to the vast number of options/solutions available in the captive industry, prospects often spend exorbitant amounts of time and money trying to develop a captive program. Risk Services helps our prospective clients focus on the best and most viable options and then delivers.
[rä-jer-izem]Words of wisdom from our CEO, Michael Rogers
“I’ve worked with Risk Services on the formation of 2 RRG programs and an Agency Captive Cell. I was expecting the process of forming insurance companies from scratch to be daunting, but Risk Services made it easier than I could have ever hoped for.”
Greg Schaefer, Urgent MD RRG, Smart MD RRG, AARe cell owner