Hong Kong
- Total number of active captives
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- Number of active captives (pure)
- 4
- Total number of active captives, as of 12/31/2018
- 3
- Types of captives allowed
-
- Single parent captives
- Annual fees
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- Premium tax rate
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- Premiums to surplus
- None
- Minimum capital (broken out by type of captive)
-
Capital requirement: the minimum paid-up capital is HK$2 million. Solvency requirement: the greatest of 5% of the net premium income; or 5% of the net claims outstanding; or HK$2 million.
- Applicable Acts/Enabling Legislation
- Insurance Ordinance, Chapter 41 of the Laws of Hong Kong
- Captive Administrator’s name and longevity in position and also within department
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- Regulator
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- Address and contact information of Regulatory Department
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- Website Address
- https://www.ia.org.hk