Virginia Domicile Information
CapitalizationStock captives: $1 million capital, $3 million surplus Non stock: $4 million surplus
Registration & Incorporation Expenses$500 application fee
Investment RestrictionsNot addressed in the statute
Tax IssuesPremium tax of 2.25% for business written in VA and out of state business not taxes by another state
Applicable ActsChapter II, Title 38.2, 1980.
Tax TreatiesNone
Supervisory JurisdictionJim Ware, Bureau of Insurance, Company Licensing and Regulatory Compliance, Commonwealth of VA PO Box 1157 Richmond, VA 23218 (804) 371-9801 F (804) 371-9511 Jim Ware
Reporting Requirements 
Reserve & Underwriting RequirementsNone listed
Local Office RequirementsNone listed
Estimated Number of Captives0
Domicile URL
NewsBecame domicile in 1980.