Domiciles

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
97
Number of group / association captives as of 2022
2
Number of risk retention groups (RRGs) as of 2022
9
Number of sponsored / cell company captives as of 2022
42
Number of individual cells / series as of 2022
411
Total gross premium written and assets under management (AuM) as of year-end 2021
Gross premium: USD $2,127,612,870
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
15
Premiums to surplus
No statutory guidance.
Minimum capital (broken out by type of captive)

$250,000 Pure
$100,000 PCC
$500,000 Association/Industrial Insured
$1,000,000 RRGs

Applicable Acts/Enabling Legislation
https://www.tn.gov/content/dam/tn/commerce/documents/insurance/captive/posts/Tennessee_Captive_Insurance_Law.pdf
Contact information for captive Administrator

(5 years)

Main contact for applications:

Denise Martin, Admissions Coordinator
Denise.K.Martin@tn.gov
(615)741-3805

Speed of licensing
Completed application estimated processing timeline is less than 30 days.
Time given for operational plan changes
Are Exams done by own employees or by contract?
Own employees
What is the examination cycle by type of captive?
5 years, reduced if unaudited.
Average/Estimated Exam Cost for Single Parent Captive
$4,000
Average/Estimated Exam Cost for Risk Retention Group
Dependent of size and complexity
State domicile association name and website
TCIA https://www.tncaptives.org/

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