New Jersey
- Year captive legislation was passed
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- Types of captives allowed
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- 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)
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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