New York Domicile Information
DomicileNew York
CapitalizationCapital and Surplus: $250,000 for single-parent captives; $500,000 for group captives. Parent or each group member must have total net worth of at least $100 million.

Premiums to Surplus: At discretion of regulator.
Registration & Incorporation ExpensesFees: Minimum of $50 for pure captive, $100 for group captive.
Investment Restrictions 
Tax IssuesTaxes: Premiums related to New York risks: 0.4% to 0.075% (direct) and 0.225% to 0.025% (reinsurance). Captives also pay Insurance Department assessments in range of 0.02% to 0.03% of New York direct written premiums.
Applicable ActsLaws: Article 70 of the New York Insurance Law.
Tax Treaties 
Supervisory JurisdictionJody T. Wald Captive Insurance Coordinator
New York Insurance Department
25 Beaver Street
New York, N.Y. 10004
Tel: (212) 480-2757
Reporting Requirements 
Reserve & Underwriting Requirements 
Local Office Requirements 
Estimated Number of Captives50
Domicile URL
NewsBecame domicile in 1997.