Iowa
Updated: April 24, 2026
- Year captive legislation was passed
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- Total number of captives as of year-end 2025
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- Total new captives in 2025
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- Number of pure / single parent captives as of 2025
- 1
- Number of group / association captives as of 2025
- 1
- Number of other types of captives (industrial insured, special purpose, SPFI, pooling, branch, agency) as of 2025
- 1
- Types of captives allowed
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- Single parent captives
- Group captives
- Protected cell/segregated portfolio companies
- Risk retention groups
- Special purpose captives
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Initial licensing and incorporating fees required by the domicile
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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)
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Pure Captive – $250,000
Industrial Insured Captive – $500,000
Protected Cell Captive* – $500,000
Risk Retention Group – $500,000
Branch Captive – The same as required above for the organizational form of the alien captive.
Captive Reinsurance Company – 50% of the capital required above for the organizational form of the captive
Special Purpose Captive – Determined after considering the business plan, feasibility study, pro forma documents, and the nature of the risk.
* The minimum required capital and surplus for a protected cell captive that does not assume any risks, the risk insured by the protected cells are homogenous, and there are not more than ten cells may be reduced to $250,000.
- Applicable Acts/Enabling Legislation
- Please reference Iowa Code Chapter 521J for more information about Iowa's new Captive Insurance Companies.
- Captive Administrator’s name and contact information
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- Regulator
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- Address and contact information of Regulatory Department
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- Website address
- https://iid.iowa.gov/regulated-entities/insurance-related/iowa-captive-insurance