Special thank you to Captive Intelligence for providing much of the data used here. It is based on year-end 2022 and has been verified with relevant governing bodies, based on the following definitions:

• The core of cell or “sponsored” captive structures, i.e., PCC, ICC, SPC, SAC, and Series, are included, but individual cells and series are not.
• Data on individual cells and series is collected where domiciles provide it, and numbers are provided, but the industry does not currently have a consistent approach to contextualizing.
• Group and Association captives are counted together under “group”.

For helpful background on how the data is gathered and measures taken to establish a consistent framework for counting captives, read a brief overview from Captive Intelligence.

If you represent a domicile or domicile association and are able to update and complete the data fields, please use this form to submit updated information. All data will be verified by CICA before it is published and will include the date and source of the update.

Number of pure / single parent captives as of 2022
Number of group / association captives as of 2022
Number of risk retention groups (RRGs) as of 2022
Number of sponsored / cell company captives as of 2022
Number of individual cells / series as of 2022
Total gross premium written and assets under management (AuM) as of year-end 2021
Gross premium: USD $468,287,830
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 co. 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

Contact the Captive Insurance Team at 800.332.6148 | 406.444.2040 or [email protected].

Speed of licensing
2-4 weeks
Time given for operational plan changes
Are Exams done by own employees or by contract?
What is the examination cycle by type of captive?
Average/Estimated Exam Cost for Single Parent Captive
Average/Estimated Exam Cost for Risk Retention Group
State domicile association name and website

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