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/