Georgia

 
Total number of active captives
Sign in to see more data
Number of active captives (pure)
40
Number of active captives (group/association)
9
Gross written premium for all captives
Sign in to see more data
Total number of active captives, 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
Sign in to see more data
Premium tax rate
Sign in to see more data
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 and also within department
Sign in to see more data
Time given for application process
30 days
Regulator
Sign in to see more data
Address and contact information of Regulatory Department
Sign in to see more data
Website Address
https://www.oci.ga.gov