Montana
- 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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- Total surrendered licenses in 2025
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- Number of pure / single parent captives as of 2025
- 56
- Number of group / association captives as of 2025
- 1
- Number of risk retention groups (RRGs) as of 2025
- 8
- Number of sponsored / cell company captives as of 2025
- 12
- Number of individual cells / series as of 2024
- 174
- Number of other types of captives (industrial insured, special purpose, SPFI, pooling, branch, agency) as of 2025
- 21
- Types of captives allowed
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- Single parent captives
- Association captives
- Protected cell/segregated portfolio companies
- 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 requirements
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- Annual fees
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- Premium tax rate
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- Dividend Distribution for Surplus Allowance
- Yes upon approval, must also be in line with dividend-calculating formulas provided by the commissioner.
- Minimum capital (broken out by type of captive)
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$250,000 for pure captives; $500,000 for association or industrial insured captives; $125,000 on pure reinsurance captives; $250,000 for protected cell captive insurance co. with less than 10 cells and homogeneous risk, otherwise $500,000; special purpose captives are capitalized at the Commissioner’s discretion.
- Applicable Acts/Enabling Legislation
- Title 33, Chapter 28, MCA, and ARM Chapter 6.6—Insurance Department; Subchapter 6.6.68.
- Captive Administrator’s name and contact information
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- Speed of licensing
- 2-4 weeks
- Regulator
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- Address and contact information of Regulatory Department
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- Website address
- https://csimt.gov/insurance/captive/
- State domicile association name and website
- Montana Captive Insurance Association, https://www.mtcaptives.org