New Jersey

 
Year captive legislation was passed
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Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Protected cell/segregated portfolio companies
Number of full-time employees in captive regulatory department
4
Annual filing requirements
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Premium tax rate
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Minimum capital (broken out by type of captive)

Pure: $250,000
Association: $750,000
Industrial: $500,000
Sponsored: $500,000

Applicable Acts/Enabling Legislation
New Jersey State Assembly 17:47B-1 et seq.(Captive Insurers Act.
Captive Administrator’s name and longevity in position
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Speed of licensing
30 days
Regulator
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Address and contact information of Regulatory Department
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Website Address
https://www.nj.gov/dobi/division_insurance/captive/index.html