District of Columbia

 
Total number of active captives
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Number of active captives (pure)
32
Number of active captives (group/association)
55
Number of active 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, 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 and also within department
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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