CICA > Domiciles > Arizona

Arizona

 
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Year captive legislation was passed
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Total number of captives as of year-end 2024
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Total new captives in 2024
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Total surrendered licenses in 2024
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Number of pure / single parent captives as of 2024
175
Number of group / association captives as of 2024
11
Number of risk retention groups (RRGs) as of 2024
9
Number of sponsored / cell company captives as of 2024
6
Number of individual cells / series as of 2024
14
Total gross premium written for all captives as of 2024
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Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Protected cell/segregated portfolio companies
  • Risk retention groups
Number of full-time employees in captive regulatory department
3
Initial licensing and incorporating fees required by the domicile

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Annual filing requirements
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Annual fees
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Premium tax rate
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Premiums to surplus
Varies based on risk profile.
Minimum capital (broken out by type of captive)

Single-parent, $250,0000; group, $500,000; association, $500,000; agency, $500,000; protected cell, $500,000

Applicable Acts/Enabling Legislation
Arizona Revised Statutes §20-1098 et seq. and other applicable parts of Title 20.
Captive Administrator’s name and longevity in position
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Speed of licensing
30-45 days
Regulator
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Address and contact information of Regulatory Department
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Website Address
https://difi.az.gov
Are Exams done by own employees or by contract?
Contract
What is the examination cycle by type of captive?
No routine exams except for captive RRGs (generally every five years)
Average/Estimated Exam Cost for Single Parent Captive
Varies
Average/Estimated Exam Cost for Risk Retention Group
Varies