Nevada
- Total number of captives
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- Number of 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, as of the prior year
- 172
- 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
- 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)
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$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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- 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