Hawaii Domicile Information
DomicileHawaii
Captives179
CapitalizationStatutory minimum capital and surplus requirements vary by class of captive; any additional requirements determined on case-by-case basis.

Premiums to Surplus: Varies by nature and volume of risk retained and funding characteristics of captive program.
Registration & Incorporation Expenses$1,000 initial application fee; $300, $500 or $1,000 annual license fee (depending on class of license); annual business registration fee up to $25; examination fee varies with nature and scope of examination.
Investment RestrictionsAllows cell captives.
Tax IssuesTaxes:
0.25% on first $25 million in premiums
0.15% on next $25-$50 million in premiums
0.05% on premiums $50-$250 million
Annual maximum premium tax of $200,000
No tax on premiums previously taxed or on reinsurance assumed by captive licensee.
Applicable ActsLaws:
Chapter 431, Article 19 of Hawaii's Revised Statutes
Tax Treaties 
Supervisory JurisdictionGeorge w. Sumner III
Deputy Insurance Commissioner and Captive Administrator
State of Hawaii, Department of Commerce and Consumer Affairs, Insurance Division
335 Merchant St., P. O. Box 3614
Honolulu, Hawaii 96811-3614
(808) 586-0979
George.W.Sumner@dcca.hawaii.gov
www.captiveinsurance.hawaii.gov
Reporting Requirements 
Reserve & Underwriting Requirements 
Local Office Requirements 
Estimated Number of Captives179
Domicile URLhttp://www.hawaiicaptives.com/
StatusActive
NewsBecame domicile in 1986.