Hawaii
- Year captive legislation was passed
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- Total number of captives as of year-end 2022
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- Number of pure / single parent captives as of 2022
- 229
- Number of risk retention groups (RRGs) as of 2022
- 16
- Number of sponsored / cell company captives as of 2022
- 10
- Number of individual cells / series as of 2022
- 29
- Total gross premium written and assets under management (AuM) as of year-end 2021
- Gross premium: USD $12.3 bn; AuM: USD $30 bn
- Types of captives allowed
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- Single parent captives
- Association captives
- Group captives
- Protected cell/segregated portfolio companies
- Special purpose captives
- Special purpose financial captives
- Number of full-time employees in captive regulatory department
- 15
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Initial licensing and incorporating fees required by the domicile
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- Annual filing requirements
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- Annual fees
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- Premium tax rate
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- Minimum capital (broken out by type of captive)
-
Single Owner (Reinsurance only): $100,000
Single Owners (Direct & Reinsurance): $250,000
Multi-Owner (Association or Risk Retention): $500,000
Sponsored: $500,000 - Applicable Acts/Enabling Legislation
- Hawaii Revised Statutes, Title 24, Chapter 431, Article 19 (Enacted May 1986)
- Captive Administrator’s name and longevity in position
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- Speed of licensing
- 30 days or less
- Regulator
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- Address and contact information of Regulatory Department
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- Website Address
- https://www.captiveinsurance.hawaii.gov