Georgia
- Year captive legislation was passed
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- Total number of captives as of year-end 2024
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- Total new captives in 2024
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- Number of pure / single parent captives as of 2024
- 47
- Number of group / association captives as of 2024
- 9
- Number of sponsored / cell company captives as of 2024
- 1
- Types of captives allowed
-
- Single parent captives
- Association captives
- Protected cell/segregated portfolio companies
- Risk retention groups
- Number of full-time employees in captive regulatory department
- 1
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Initial licensing and incorporating fees required by the domicile
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- Annual filing requirements
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- Annual fees
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- Premium tax rate
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- Minimum capital (broken out by type of captive)
-
Pure captives, $250,000; association captives, $500,000; agency captives, $250,000; industrial insured, $500,000; and risk retention group, $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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- Speed of licensing
- 30 days or less
- Regulator
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- Address and contact information of Regulatory Department
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- Website Address
- https://www.oci.ga.gov