CICA > Domiciles > Ohio

Ohio

 
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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
1
Number of other types of captives (industrial insured, special purpose, SPFI, pooling, branch) as of 2022
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Types of captives allowed
  • Single parent captives
  • Protected cell/segregated portfolio companies
  • Special purpose financial captives
Number of full-time employees in captive regulatory department
2
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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Premiums to surplus
Flexible, based upon the business model.
Minimum capital (broken out by type of captive)

$250,000, single-parent; $500,000, protected cell

Applicable Acts/Enabling Legislation
Ohio Revised Code 3964
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.insurance.ohio.gov