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
AuM: USD $1.2bn
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Protected cell/segregated portfolio companies
  • Risk retention groups
  • Special purpose captives
  • Special purpose financial captives
Number of full-time employees in captive regulatory department
Premiums to surplus
For automobile liability writers, the NCDOI requires a maximum limit of 2:1 premiums to surplus. For other insurers, the requirement varies, depending on the business plan.
Minimum capital (broken out by type of captive)

$250,000 – Pure
$500,000 – Association/Group
$1,000,000 – RRG
$250,000 – Cell
$250,000 – SPFV

Applicable Acts/Enabling Legislation
Chapter 58 Article 10 Part 9 of the North Carolina General Statutes is applicable to all captives, including risk retention groups. Chapter 58 Article 22 is applicable to risk retention groups.
Contact information for captive Administrator
Speed of licensing
2-4 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?
Risk retention groups receive an examination by the NCDOI no less than every 5 years. Other captive insurers are not subject to an NCDOI examination schedule; instead, the NCDOI relies on the annual audit reports completed by independent CPAs. For non-RRG captive insurers, the NCDOI's examination resources are utilized on a target basis to address captive insurer issues that can not be resolved through other means.
Average/Estimated Exam Cost for Single Parent Captive
Travel expenses of examiners
Average/Estimated Exam Cost for Risk Retention Group
Travel expenses of examiners
State domicile association name and website

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