Note: Much of the data included here was based on year-end 2018 data. We are in the process of updating it with year-end 2019 data. Going forward we will be verifying all fields either directly with the domicile, or by using credible and confirmed data sources. If you represent a domicile or domicile association and are able to update and complete the data fields, please use this form. All data will be verified by CICA before it is published and will include the date and source of the update.
- Single parent captives
- Association captives
- Group captives
- Protected cell/segregated portfolio companies
- Special purpose captives
- Special purpose financial captives
The minimum capital requirement is based upon the higher product of a set of formulas calculated as factors of premium volume and policyholder obligations (i.e. total (re)insurance reserves), subject to respective floors. The floor for Class 1 (single-parent insuring only risks of parent and affiliates) is $120,000; the floor for Class 2 (a multi-owner captive insuring the risks of its owners or affiliates of the owners; or a single parent or multi-owner captive: (i) insuring the risks arising out of the business or operations of the owners or affiliates, and/or (ii) deriving up to 20.0% of its net premiums from unrelated risks) is $250,000; the floor for Class 3 (captive insurers underwriting more than 20.0% and less than 50.0% unrelated business) is $1 million.