Arkansas
- 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
- 10
- Number of sponsored / cell company captives as of 2022
- 2
- Number of individual cells / series as of 2022
- 2
- 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 $267,486,430; AuM: USD $768,643,077
- Types of captives allowed
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- Single parent captives
- Association captives
- Group captives
- Protected cell/segregated portfolio companies
- Risk retention groups
- Special purpose captives
- Special purpose financial captives
- Number of full-time employees in captive regulatory department
- 6
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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
- Pure captives and industrial insured captives are not subject to any restrictions on allowable investments.
- Minimum capital (broken out by type of captive)
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Source: https://www.insurance.arkansas.gov/industry-regulation/finance/captive-capital-surplus-requirements/
- Applicable Acts/Enabling Legislation
- A.C.A. 23-63-1601 et seq.; AID Rule 73
- Captive Administrator’s name and longevity in position
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- Speed of licensing
- 30 - 60 days
- Regulator
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- Address and contact information of Regulatory Department
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- Website Address
- https://www.insurance.arkansas.gov/pages/industry-regulation/finance/captive-companies/
