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.

Number of active captives (pure)
Number of active captives (group/association)
Number of active captives (RRG)
Number of active captives (sponsored/cell captives)
Number of individual cells/cell participants
Total number of active captives, as of 12/31/2018
Types of captives allowed
  • Single parent captives
  • Association captives
  • Protected cell/segregated portfolio companies
  • Risk retention groups
  • Special purpose captives
Number of full-time employees in captive regulatory department
Premiums to surplus
Applies to series captives only at a rate of 4:1 premiums to surplus.
Minimum capital (broken out by type of captive)

$250,000 for pure captives; $500,000 for association or industrial insured captives; $125,000 on pure reinsurance captives; $250,000 for protected cell captive insurance company with less than 10 cells and homogeneous risk, otherwise $500,000; special purpose captives are capitalized at the commissioner’s discretion.

Applicable Acts/Enabling Legislation
The most recent significant change to MT captive law is the adoption of dormant captive status. Allows for a captive insurance company, that is not a RRG, that meets the necessary standards to apply for a dormant captive insurance company certificate. This certificate of dormancy is only valid for a 5 year period and the dormant captive insurance company is responsible to maintain no less than $25,000 in capital & surplus and a $1,000 per year dormancy tax.
Contact information for captive Administrator
Time given for application process
2 weeks
Time given for operational plan changes
Website Address
Are Exams done by own employees or by contract?
What is the examination cycle by type of captive?
Cost of exam range by pure? Average price?
Cost of exam range by RRG? Average price?
State domicile association name and website

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