| Captives | 127 |
| Capitalization | Capital & Surplus: Pure Captive: $200,000 Association:$500,000 Agency: $600,000 Rental: $800,000 Sponsored:$500,000 Association: $500,000 |
| Registration & Incorporation Expenses | Fees: $500 Application fee $300 Annual renewal fee $250 Administration and Enforcement Fee Incorporation Fee: $75 minimum Application review fee of up to $3,500 $4,000 pure reviewer firm fee, $5,000 non-pure reviewer firm fee |
| Investment Restrictions | |
| Tax Issues | Taxes: 0.4% on first $20 million of net direct premium 0.2% on next $20 million and 0.075% thereafter $175,000 annual cap on premium taxes. Reinsurance Rates: 0.225% on first $20 million, 0.15% on $20-40 million, 0.025% on over $40 million |
| Applicable Acts | Laws: Chapter 694C of Nevada Revised Statutes and Nevada Administrative Code |
| Tax Treaties | |
| Supervisory Jurisdiction | Michael Lynch Deputy Commissioner, Captive Section 788 Fairview Drive, Suite 300 Carson City, Nevada 89701-5453 Tel: (775) 687-4270 Fax: (775) 687-3934 |
| Reporting Requirements | |
| Reserve & Underwriting Requirements | |
| Local Office Requirements | |
| Estimated Number of Captives | 127 |
| Domicile URL | http://www.doi.nv.gov/captive.aspx |
| Status | Active |
| News | Became domicile in 1999. * A captive insurer is entitled to receive a non-refundable credit of $5,000 supplied against the aggregate taxes owned for the first year in which the captive insurer incurs any liability for the payment of taxes. |