Domiciles

A captive domicile is a legal jurisdiction that has enacted a captive insurance law that is enforced by an overseeing regulatory agency. Captive laws offer attractive benefits to prospective investors; and the governing agency ensures the viability of captive companies to maintain the attractiveness of the domicile.

The benefits the program participant or the owner enjoys will depend on capitalization requirements, investment restrictions, fees, taxes, reporting requirements, and other operating requirements. Moreover, commitment of the governing body to solvency and capital adequacy, the domicile political and economic stability, and the general infrastructure contribute to the quality of a domicile. Independent agencies and various financial institutions continuously monitor overall quality of all domiciles and provide guidance to general investors.

Over sixty domiciles exist, including the following jurisdictions:

Domiciles & Estimated No. of Captives

  • 27
  • 295
  • 106
  • 2
  • 7
  • 81
  • 1
  • 264
  • 831
  • 32
  • 147
  • 759
  • 4
  • 4
  • 298
  • 13
  • 172
  • 2 *
  • 142
  • 8
  • 13
  • 13
  • 16
  • 3
  • 344
  • 184
  • 2
  • 1
  • 125
  • 2
  • 1
  • 128
  • 40
  • 11
  • 2 *
  • 225
  • 3
  • 12
  • 7
  • 12
  • 35
  • 150
  • 2
  • 12 *
  • 148
  • 276
  • 15
  • 48 *
  • 10
  • 4
  • 11 *
  • 11
  • 12
  • 106
  • 62
  • 145
  • 9
  • 13
  • 48
  • 34
  • 32
  • 88
  • 8
  • 342
  • 10
  • 588
  • 1

 

Source: Business Insurance, March 17, 2014
* Business Insurance Estimate