Nevada
- Year captive legislation was passed
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- Total number of captives as of year-end 2022
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- Number of pure / single parent captives as of 2022
- 129
- Number of group / association captives as of 2022
- 7
- Number of risk retention groups (RRGs) as of 2022
- 10
- Number of sponsored / cell company captives as of 2022
- 5
- Number of individual cells / series as of 2022
- 144
- Number of other types of captives (industrial insured, special purpose, SPFI, pooling, branch) as of 2022
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- Total gross premium written and assets under management (AuM) as of year-end 2021
- Gross premium: USD $402,444,094
- Types of captives allowed
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- 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
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Initial licensing and incorporating fees required by the domicile
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- Annual filing requirements
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- Annual fees
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- Premium tax rate
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- 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
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- Speed of licensing
- 30 days or less (if not RRG)
- Regulator
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- Address and contact information of Regulatory Department
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- Website Address
- https://doi.nv.gov/Captive-Insurance/