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, as of 12/31/2018
- 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