Domiciles

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)
105
Number of active captives (group/association)
34
Number of active captives (RRG)
0
Number of active captives (sponsored/cell captives)
Number of individual cells/cell participants
27
Total number of active captives, as of 12/31/2018
172
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
  • Microcaptives set up using 831(b) regulations*
Number of full-time employees in captive regulatory department
10
Premiums to surplus
No greater than 5:1. Usually around 3:1. Depends on the nature, scale, and complexity of the risks to be insured.
Minimum capital (broken out by type of captive)

Pure captive, $250,000; industrial insured, $500,000 (stock), $500,000 in mutual surplus; association, $500,000 (stock), $750,000 in mutual surplus; sponsored, $250,000.

Applicable Acts/Enabling Legislation
Section 38-90 and Section 38-87 of the South Carolina Code of Laws, as amended
Contact information for captive Administrator
Time given for application process
30 days
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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