Delaware

 
Total number of active captives
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Number of active captives (pure)
406
Number of active captives (group/association)
2
Number of active captives (RRG)
3
Gross written premium for all captives
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Total number of active captives, prior year
391
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
34
Annual fees
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Premium tax rate
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Premiums to surplus
3:01
Minimum capital (broken out by type of captive)

Minimum Capital & Surplus requirements follow: pure captive, $250,000; agency captive, $250,000; association, $250,000; branch, $250,000; special purpose, $250,000; industrial insured, $500,000; sponsored, $500,000. Minimum capital & surplus must be maintained in the form of cash, irrevocable letter of credit,or any other assets as approved by the Commissioner. The Commissioner has the discretion to prescribe additional capital & surplus.

Applicable Acts/Enabling Legislation
Chapter 69 of the Delaware Insurance Code
Captive Administrator’s name and longevity in position and also within department
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Time given for application process
30 to 45 days
Regulator
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Address and contact information of Regulatory Department
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Website Address
http://captive.delawareinsurance.gov/