| Captives | 83 |
| Capitalization | Capital & Surplus: Pure captive: $250,000 Branch: $250,000 Reinsurance: $125,000 Protected: $250,000 or $500,000 RRG: $500,000 Industrial insured: $500,000 Association: $500,000 Premiums to Surplus: None |
| Registration & Incorporation Expenses | Fees: $200 application fee $300 annual license |
| Investment Restrictions | Allows cell captives |
| Tax Issues | Taxes: Direct written premiums: 0.4% on first $20 million 0.3% on next $20 million 0.2% on next $20 million and 0.075% thereafter Reinsurance premiums: 0.225% on the first $20 million 0.15% on next $20 million 0.05% on next $20 million 0.005% on subsequent premium $100,000 cap on annual premium taxes Minimum annual premium tax is $5,000 |
| Applicable Acts | Laws:33-28-101 through 306 MCA |
| Tax Treaties | |
| Supervisory Jurisdiction | Steve Matthews Chief Financial Examiner Montana State Auditor's Office 840 Helena Ave. Helena, MT 59601 Tel: (406) 444-4372 smatthews@mt.gov |
| Reporting Requirements | |
| Reserve & Underwriting Requirements | |
| Local Office Requirements | |
| Estimated Number of Captives | Single Parent Captives: 67
Group Captives: 18 |
| Domicile URL | http://sao.mt.gov/captives/index.asp |
| Status | Active |
| News | Became a domicile in 2001. |