Arkansas

 
Total number of active captives
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Number of active captives (pure)
6
Gross written premium for all captives
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Total number of active captives, prior year
4
Types of captives allowed
  • 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
4
Annual fees
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Premium tax rate
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Premiums to surplus
At discretion of regulator.
Minimum capital (broken out by type of captive)

Pure captive, $250,000; industrial insured captive, $500,000; producer reinsurance or special purpose captive, $600,000; branch captive, $250,000; association captive, $750,000; and sponsored captive, $1 million.

Applicable Acts/Enabling Legislation
A.C.A. 23-63-1601 et seq.; AID Rule 73
Captive Administrator’s name and longevity in position and also within department
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Time given for application process
30 - 60 days
Regulator
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Address and contact information of Regulatory Department
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Website Address
https://insurance.arkansas.gov/pages/industry-regulation/finance/captive-companies/