Arizona
- 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
- Protected cell/segregated portfolio companies
- Risk retention groups
- Number of full-time employees in captive regulatory department
- 3
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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