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, prior year
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