Arizona

 

Arizona as a captive insurance company domicile, those words would be “impressive growth.”

Since 2015, the number of captives licensed in Arizona, as well as captive premium volume, have increased each year.

The growth in captive premium volume has been especially impressive. In 2018, the last year information is available, Arizona captives generated $9.2 billion in premiums, up nearly 20 percent since 2015.

Year captive legislation was passed
Sign in to see more data
Total number of active captives
Sign in to see more data
Number of active captives (pure)
106
Number of active captives (group/association)
7
Number of active captives (RRG)
11
Number of individual cells/cell participants
3
Gross written premium for all captives
Sign in to see more data
Total number of active captives, prior year
124
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

?tooltip content

Sign in to see more data
Annual filing requirements (****Certfication Fee?)
Sign in to see more data
Annual fees
Sign in to see more data
Premium tax rate
Sign in to see more data
Premiums to surplus
Varies based on risk profile
Minimum capital (broken out by type of captive)

Pure = $250,000, others generally $500,000

Applicable Acts/Enabling Legislation
A.R.S. 20-1098 et seq.
Captive Administrator’s name and longevity in position and also within department
Sign in to see more data
Time given for application process
30 calendar days from complete application.
Regulator
Sign in to see more data
Address and contact information of Regulatory Department
Sign in to see more data
Website Address
https://www.azinsurance.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)
Cost of exam range by pure? Average price?
Varies
Cost of exam range by RRG? Average price?
Varies