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 2022
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Number of pure / single parent captives as of 2022
138
Number of group / association captives as of 2022
6
Number of risk retention groups (RRGs) as of 2022
10
Number of sponsored / cell company captives as of 2022
5
Number of individual cells / series as of 2022
9
Number of other types of captives (industrial insured, special purpose, SPFI, pooling, branch) as of 2022
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Total gross premium written and assets under management (AuM) as of year-end 2021
Gross Premium: USD $10.1bn; AuM: N/A
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • 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