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)
372
Number of active captives (group/association)
35
Number of active captives (RRG)
87
Number of active captives (sponsored/cell captives)
Number of individual cells/cell participants
267
Total number of active captives, as of 12/31/2018
580
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Risk retention groups
  • Special purpose captives
Number of full-time employees in captive regulatory department
32
Premiums to surplus
No specific rules, but start with 3:1 and explain why a different leverage is appropriate.
Minimum capital (broken out by type of captive)

Pure: $250,000. Industrial Insured, Agency, Association: $500,000. RRG $1m (must meet RBC requirements). SPFI $5m (must meet RBC requirements).

Applicable Acts/Enabling Legislation
Title 8, Vermont Statutes Annotated, Chapters 141, 142, and 142a
Contact information for captive Administrator
Time given for application process
30 days or less (45 days for SPFI) for a complete application.
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 or more frequently as needed
Cost of exam range by pure? Average price?
$10,000
Cost of exam range by RRG? Average price?
$40,000
State domicile association name and website

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