Georgia
- Total number of captives
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- Number of captives (pure)
- 40
- Number of captives (group/association)
- 9
- Gross written premium for all captives
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- Total number of active captives, as of the prior year
- 20
- Types of captives allowed
-
- Single parent captives
- Association captives
- Risk retention groups
- Microcaptives set up using 831(b) regulations*
- Number of full-time employees in captive regulatory department
- 2
- Annual fees
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- Premium tax rate
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- Minimum capital (broken out by type of captive)
-
O.C.G.A. 33-41-8: pure captives, minimum $250,000; association captives, minimum $500,000; agency captives, minimum $250,000; industrial insured, minimum $500,000; and risk retention group, minimum $500,000.
- Applicable Acts/Enabling Legislation
- O.C.G.A. 33-41; GA Insurance Rules and Regulations 120-2-45
- Captive Administrator’s name and longevity in position
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- Time given for application process
- 30 days
- Regulator
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- Address and contact information of Regulatory Department
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- Website Address
- https://www.oci.ga.gov