Hawaii

 
Total number of captives
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Number of captives (pure)
207
Number of captives (group/association)
16
Number of captives (RRG)
1
Number of other types of captives (sponsored, agency captives, etc.)
1
Number of individual cells/cell participants
22
Gross written premium for all captives
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Total number of active captives, as of the prior year
230
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Protected cell/segregated portfolio companies
  • Risk retention groups
  • Special purpose captives
  • Special purpose financial captives
  • Microcaptives set up using 831(b) regulations*
Number of full-time employees in captive regulatory department
13
Annual fees
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Premium tax rate
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Minimum capital (broken out by type of captive)

$4.6 Billion in 2016$5.3 Billion in 2017

Applicable Acts/Enabling Legislation
Hawaii Revised Statutes, Title 24, Chapter 431, Article 19 (Enacted May 1986)
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.captiveinsurance.hawaii.gov