District of Columbia
- Total number of captives
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- Number of captives (pure)
- 32
- Number of captives (group/association)
- 55
- Number of captives (RRG)
- 11
- Number of individual cells/cell participants
- 37
- Gross written premium for all captives
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- Total number of active captives, as of the prior year
- 102
- 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
- Microcaptives set up using 831(b) regulations*
- Number of full-time employees in captive regulatory department
- 9
- Annual fees
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- Premium tax rate
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- Premiums to surplus
- 3 to 1 for risk retention groups, higher for other captives.
- Minimum capital (broken out by type of captive)
-
Capital: $100,000 for all companies. Surplus: $150,000 for pure captive; $300,000 for association (stock), agency, rental; $500,000 for (mutual) captive; protected cell, amount to be determined by the Commissioner.
- Applicable Acts/Enabling Legislation
- The Captive Insurance Company Act of 2004. Special Purpose Financial Captive Authorization Amendment Act of 2006. Captive Insurance Company Amendment Act of 2006.
- Captive Administrator’s name and longevity in position
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- Time given for application process
- 45 days
- Regulator
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- Address and contact information of Regulatory Department
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- Website Address
- https://www.disb.dc.gov