Maine
- Year captive legislation was passed
- Sign in to see more data
- Total number of captives as of year-end 2025
- Sign in to see more data
- Number of pure / single parent captives as of 2025
- 2
- Number of group / association captives as of 2025
- 1
- Types of captives allowed
-
- Single parent captives
- Association captives
- Group captives
- Protected cell/segregated portfolio companies
- Risk retention groups
- Number of full-time employees in captive regulatory department
- 2
-
Initial licensing and incorporating fees required by the domicile
?tooltip content
- Sign in to see more data
- Annual requirements
- Sign in to see more data
- Annual fees
- Sign in to see more data
- Premium tax rate
- Sign in to see more data
- Dividend Distribution for Surplus Allowance
- Cannot pay out a dividend without respect to capital and surplus and approval of the superintendent.
- Minimum capital (broken out by type of captive)
-
$200,000 pure; $500,000 industrial insured; $750,000 association; $1 million risk retention group; $750,000 sponsored
- Applicable Acts/Enabling Legislation
- Title 24-A, Chapter 83, Sections 6701-6725, 1997.
- Captive Administrator’s name and contact information
- Sign in to see more data
- Speed of licensing
- 15-45 days
- Regulator
- Sign in to see more data
- Address and contact information of Regulatory Department
- Sign in to see more data
- Website address
- https://www.maine.gov/pfr/insurance/licensees/insurance-companies/captives