Kentucky

 
Total number of active captives
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Number of active captives (pure)
53
Number of active captives (group/association)
11
Gross written premium for all captives
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Total number of active captives, prior year
65
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Risk retention groups
  • Special purpose captives
Number of full-time employees in captive regulatory department
6
Premium tax rate
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Premiums to surplus
3 to 1
Minimum capital (broken out by type of captive)

Minimum capital and surplus requirements: pure, $250,000; consortium/association, $500,000; industrial insured, $500,000; sponsored, $500,000; agency, $500,000; special purpose, $250,000.

Applicable Acts/Enabling Legislation
Kentucky Revised Statutes 304.49 and Kentucky Administrative 806 KAR 9:020-49:040: amended 2006.
Captive Administrator’s name and longevity in position and also within department
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Time given for application process
3 months
Regulator
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Address and contact information of Regulatory Department
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Website Address
https://captive.insurance.ky.gov