Nevada

 
Total number of active captives
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Number of active captives (pure)
152
Number of individual cells/cell participants
120
Gross written premium for all captives
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Total number of active captives, prior year
172
Types of captives allowed
  • Single parent captives
  • Association captives
  • Protected cell/segregated portfolio companies
  • Risk retention groups
  • Microcaptives set up using 831(b) regulations*
Number of full-time employees in captive regulatory department
4
Annual fees
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Premium tax rate
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Premiums to surplus
3:1 to 5:1 in most cases.
Minimum capital (broken out by type of captive)

$200,000 for pure captive; $500,000 for association and sponsored captives; $600,000 for agency captive; $800,000 for rent-a-captive, $1,000,000 (preferred minimum) for RRG.

Applicable Acts/Enabling Legislation
Chapter 694C of Nevada Revised Statutes and Nevada Administrative Code.
Captive Administrator’s name and longevity in position and also within department
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Time given for application process
Pure Captives typically approved in three weeks or less.
Regulator
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Address and contact information of Regulatory Department
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Website Address
https://doi.nv.gov