Federated States of Micronesia
- Total number of active captives
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- Number of active captives (pure)
- 25
- Gross written premium for all captives
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- Total number of active captives, as of 12/31/2018
- 22
- Types of captives allowed
-
- Single parent captives
- Group captives
- Protected cell/segregated portfolio companies
- Number of full-time employees in captive regulatory department
- 5
- Annual fees
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- Premium tax rate
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- Premiums to surplus
- 1.3 to 1
- Minimum capital (broken out by type of captive)
-
$348,870,958
- Applicable Acts/Enabling Legislation
- FSM Insurance Act of 2006; Title 37 Code of Federated States of Micronesia
- Captive Administrator’s name and longevity in position and also within department
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- Time given for application process
- 6 weeks
- Regulator
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- Address and contact information of Regulatory Department
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- Website Address
- https://www.fsminsuranceboard.com