Kentucky
- Total number of captives as of year-end 2022
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- Number of pure / single parent captives as of 2022
- 23
- Number of group / association captives as of 2022
- 6
- Number of risk retention groups (RRGs) as of 2022
- 3
- Total gross premium written and assets under management (AuM) as of year-end 2021
- Gross premium: USD $78,000,000; AuM: USD $77,000,000
- Types of captives allowed
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- Single parent captives
- Association captives
- Group captives
- Risk retention groups
- Special purpose captives
- Number of full-time employees in captive regulatory department
- 3
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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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- Premiums to surplus
- 3 to 1
- Minimum capital (broken out by type of captive)
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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
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- Speed of licensing
- 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/
- State domicile association name and website
- Kentucky Captive Association http://www.kycaptive.com/