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Factors considered in selecting the domicile for a Captive Insurer?

1. The legislative and regulatory philosophy, commitment, and appreciation of captive insurance companies.

 

2. The accessibility to regulators and governmental officials that act on the legislation and regulations that impact captives.

 

3. The lines of insurance the domicile permits a captive to write.

 

4. The requirements of records and files that must be maintained in domicile and therefore duplicated if captive administrative offices are located elsewhere.

 

5. The investment restrictions.

 

6. The flexibility for a captive to set its rates without prior approval of domicile regulator.

 

7. The requirements for meetings of the board of directors of the captive.

 

8. The premium taxes.

 

9. How the domicile charges expenses for regulatory examinations and timeliness of regulatory exam reports.

 

F. Darrell Lindsey

State Approved Captive/RRG Manager

U.S. State Licensed Agent/Broker

 

 

 

 

 

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