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THE CAPTIVE INSURANCE COMPANY PROCESS
	STEP 1: Contact the State of Domicile Selected By the Organizers * Receive Tacit Approval	By Insured’s/Organizer/Captive Manager
	STEP 2: Develop the Captive Business Plan * Incorporation Documents * Actuarial * Financials * Management Identified	By Insured’s/Organizer/Captive Manager
	STEP 3: Submit the Application * Department of Insurance Review	By Organizer / Captive Manager
	STEP 4: Follow-up with Insurance Dept. * Review for Certificate * Modify as Necessary	By Organizer/Insurance Department / Captive Manager
	STEP 5: Capitalize * Cash * IOC * Other	By Insured’s / Captive Manager
	STEP 6: Start Business Operations * 1st Board of Directors Meeting * Issue Insurance Coverage * Service Start Up	By Insured’s / Captive Manager
Note: Before Step 1, the Insured’s and advisors, i.e., Insurance Broker, Captive Manager, CPA, TAX Attorney, and others will meet together to complete the Education and Approval process. Fees will be agreed and collected to fund the six (6) step process, to organize a New Insurance Company
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